LONDON, July 20, 2011 /PRNewswire/ --
Following extensive research and development, CRU will officially increase the frequency of their monthly US Midwest Plate (A36) price index to weekly from July 20th.
"With the continued success of our weekly hot-rolled, cold-rolled and galvanised coil price indices in North America, plate is a natural extension of our flat products portfolio", commented Robert Edwards, CRU's North American flat products analyst. He went on to say, "A weekly assessment of actual spot transactions for plate will provide transparency in a market where pronounced price volatility has become the new reality for steel market participants".
John Kovacs, Editor of the CRU Steel Monitor stated, "As of July 20th we will publish weekly price assessments for US Midwest Plate, which will only be available to data providers and CRU Steel Monitor subscribers. This is part of our ongoing efforts to offer clients even more robust analysis of global finished steel markets".
Anyone wishing to take a trial of CRU's steel price indices should visit http://www.cruindices.com
Notes for editors
CRU Indices is a division of CRU Group - the world's leading independent authority on metals, mining, fertilizers and chemicals - which publishes market-leading, independent price assessments for carbon steel. For further information, visit http://www.cruindices.com
* CRU's Steel Monitor covers the global market for steel products providing accurate price assessments,
detailed market commentary and analysis. Samples available at http://www.crugroup.com
Editor, CRU Steel Monitor
Head of Operations