S&P Global Commodity Insights, the leading independent provider of information and benchmark prices for commodities and energy markets, has announced a collaborative partnership agreement to provide Platts steel and shipping data and insights to ASI.
Under the agreement, ASI will have access to the significant global steel and shipping market pricing benchmarks and analytics insights generated by S&P Commodity Insights, including the Platts Iron Ore Index (IODEX), a benchmark assessment of the spot price of physical iron ore, as well as key price assessments for all finished steel products.
The agreement also includes access to webinars and newsletter notifications to ASI members and non-members with the latest developments and trends in the steel and shipping global supply chain.
Dave Ernsberger, Head of Market Reporting & Trading Solutions at S&P Global Commodity Insights said:
We are delighted to announce our partnership with the Australian Steel Institute to provide Platts global steel and shipping market data and insights to the complete Australian steel value chain. The additional transparency we bring will be key in helping ASI members navigate volatile markets and make informed decisions in steel production, procurement, distribution and trading.
We are pleased ASI recognizes the value S&P Global Commodity Insights brings to the steel industry and the commodity markets we serve, and endeavours to utilize our data to bring increased competitiveness and growth to their industry.
Commenting on the agreement, ASI Chief Executive Mark Cain said:
Our members increasingly seek to better understand global steel market dynamics. Having access to resources produced by S&P Global Commodity Insights will allow us to provide them with a quarterly snapshot of key international benchmark price indices.
We have worked with Commodity Insights on an informal basis over the last 12 months and they have proven to be an excellent source of information on the steel industry. We are pleased now to consolidate this relationship with a formal partnership agreement.
At S&P Global Commodity Insights, our complete view of global energy and commodities markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We are a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating energy transition, S&P Global Commodity Insights’ coverage includes oil and gas, power, chemicals, metals, agriculture and shipping.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.
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