Energy and commodities markets information, benchmark and analytics provider S&P Global Platts announced today the launch of a new suite of low-carbon metals spreads and ratios, aimed at helping bring transparency into the value of producing and using reduced carbon materials.
Ian Dudden, Global Pricing Director for Metals and Agriculture, S&P Global Platts, said:
“Like much of the marketplace, metals and mining companies are embracing Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. strategies worldwide, but have been doing so amidst a dearth of standards, making it difficult, if not impossible, to define, quantify and understand the market value of low-carbon metals.”
The new suite includes eight daily, weekly and bi-weekly indicators, underpinned by existing Platts assessments in hot-rolled steel, pig iron, scrap, iron ore and aluminum from markets spanning the US, China, Turkey and the Black Sea region.
According to S&P Global Platts, the launch comes in response to demand from market participants to help assess the costs, risks and opportunities of expanding carbon-reduction strategies and global regulation.
“The aim of our new spreads and ratios is to help producers understand the value of reduced carbon at the smelting and melting stage, end-users to understand the value of input materials made with renewable energy or from low-carbon sources, and help bring transparency to the low-carbon metals space and energy transition.”
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