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S&P Global Energy Celebrates Ten-year Anniversary of Platts Benchmark Steel Rebar and Scrap Assessments as Settlement Basis for London Metals Exchange
S&P Global Energy (formerly S&P Global Commodity Insights) commemorates the 10-year anniversary of its Platts steel scrap and rebar price benchmarks becoming the settlement reference for two of the London Metals Exchange (LME) futures contracts whose popularity demonstrate growing demand for risk management solutions in the growing recycled steel market. S&P Global Energy is the leading independent provider of information, data, analysis and benchmark prices for the energy, petrochemicals, metal
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[{"type":"text","content":"LONDON and NEW YORK and HOUSTON, Dec. 1, 2025 /PRNewswire/ -- S&P Global Energy (formerly S&P Global Commodity Insights) commemorates the 10-year anniversary of its Platts steel scrap and rebar price benchmarks becoming the settlement reference for two of the London Metals Exchange (LME) futures contracts whose popularity demonstrate growing demand for risk management solutions in the growing recycled steel market. S&P Global Energy is the leading independent provider of information, data, analysis and benchmark prices for the energy, petrochemicals, metals, shipping, and commodities markets,","length":611,"tagName":"p"},{"type":"image","alt":"S&P Global Energy (PRNewsfoto/S&P Global)","displaySize":"","headline":null,"caption":"S&P Global Energy (PRNewsfoto/S&P Global)","className":"","disableSlideshowImg":false,"size":{"original":{"width":1280,"height":720,"url":"https://mma.prnewswire.com/media/2823408/spg_logo_energy_rgb_fullcolor_Logo.jpg"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QCE1mgFyj46O4.b5sceWQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://mma.prnewswire.com/media/2823408/spg_logo_energy_rgb_fullcolor_Logo.jpg","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/BjIoBU0mTE9V9nIGbYYx9A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://mma.prnewswire.com/media/2823408/spg_logo_energy_rgb_fullcolor_Logo.jpg","width":1200,"height":675}},"href":"https://mma.prnewswire.com/media/2823408/spg_logo_energy_rgb_fullcolor_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On November 23, 2015, the London Metals Exchange launched steel scrap and steel rebar futures contracts with settlement against the Platts benchmark for spot physical premium steel scrap delivered to Turkey on a cost and freight (CFR) basis, known as Platts HMS 1/2 80:20 CFR Turkey* benchmark, and the Platts spot physical steel rebar benchmark, known as Platts Steel Rebar free-on-board (FOB) Turkey, respectively.","length":421,"tagName":"p"},{"type":"text","content":"Platts' scrap assessment represents the landed value of this important feedstock in Turkey's three key melting regions, providing a gauge of melters' most significant input cost. Platts' rebar assessment represents the export value of one of the key finished steel produ...