Without access to impartial steel iron ore and scrap prices, how can you make the most informed business and trading decisions?
The Steel Index (TSI) provides all participants in the steel industry supply chain with daily and weekly spot market average prices, together with the latest key market data and insights to help you stay ahead of the competition. Prices for European HRC and a wide range of steel products in the USA, Europe, Turkey and Asia are compiled from transaction data submitted by companies actively buying and selling relevant material throughout the ferrous supply chain.
Prices are published on TSI’s website instantly and available for analysis and download via TSI’s proprietary on-line Price Analyzer tool. This offers subscribers graphing and analysis functions as well as immediate access to TSI’s price histories. Clients receive daily and weekly price reports by email in real time and can also choose to receive TSI’s price data directly into their systems via a data feed.
Acquired by Platts in July 2011, TSI operates as a separate entity and has its own distinct price discovery methodology and pricing activities. For further information please visit www.thesteelindex.com/en/procedures-methodology/.
Benefits
- Improve your contract negotiating position with suppliers or customers with access to independent TSI prices that are based on actual transactions, not market hearsay, enabling you to negotiate with extra confidence
- Be among the first to spot emerging price trends and identify opportunities in the global marketplace by tracking import/export threats using the most up-to-date prices
- Identify performance gaps and ways to bridge them by gaining valuable insight into how your company is performing versus your peers: are lagging, norming or outperforming them?
- Manage price risk and reduce volatility through indexing programs or attaining fixed-prices via the growing swaps market in scrap, steel and iron ore, cleared against TSI
Features
- TSI’s indices are based on actual transactions from over 550 companies spanning the steel supply chain
- Spot prices for iron ore where TSI shares the global iron ore benchmark with IODEX
- Independent and unbiased prices collected through a secure online system
- Real-time prices available on TSI’s website and emailed to subscribers
- Volume-weighted daily, weekly and monthly averages
- TSI’s iron ore and scrap spot prices are also available in Platts Steel Markets Daily
Who Should Buy
Anyone who needs independent and accurate iron ore or scrap prices will find The Steel Index an essential tool. Subscribers include traders, brokers, producers, consumers, industry executives and analysts throughout the steel markets.
Delivery
TSI’s prices are available to subscribers on its website at all times, with the latest prices updated on a daily and weekly basis in real time. Immediately following the release of each index, subscribers also receive the relevant steel, scrap or iron ore price report by email in pdf format. TSI’s historical prices are available for download from its website and subscribers can also select to receive a data feed containing the specific price information they require.
Multi-user Subscriptions
The price of this product is based on one user in one location. Many clients purchase multiple subscriptions to ensure their entire staff has access to Platts’ information. We can work with you to ensure that we appropriately license your staff and put in place the correct discount levels as well as ensure that our distribution methods meet your specific needs. For details, contact your nearest Platts office.
Market Data – Steel & Raw Materials Package
Some of the price data listed in The Steel Index is also available in data-point format for easy import and analysis. This is the most efficient, most reliable way to receive our industry-standard benchmark assessments. For a modest additional cost, upgrade your subscription to include Market Data - Steel & Raw Materials Package. With a click of a mouse you'll have access to the latest steel and raw materials price assessments in data-point format. Market Data - Steel & Raw Materials Package also provides you with end-of-day assessments, third-party data, and a rolling 45-day historical database for key assessments. For further information, please contact Platts Sales.
Purchase and Delivery Options
Multi-user subscriptions
The price of this product is based on one user in one location. Many clients purchase multiple subscriptions to ensure their entire staff has access to Platts information. We can work with you to ensure that we appropriately license your staff and put in place the correct discount levels as well as ensure that our distribution methods meet your specific needs. For details, contact your nearest Platts office.