S&P Global Commodity Insights Launches World's First Daily Carbon-Accounted Iron Ore Price Assessments
S&P Global Commodity Insights, through its Platts division, is launching the world's first daily carbon-accounted iron ore price assessments on September 30, 2024. This new offering includes:
- A daily carbon-accounted iron ore assessment incorporating the Platts global benchmark 62% Fe iron ore index (IODEX)
- A carbon intensity premium reflecting the cost of offsetting greenhouse gas emissions in mining and transportation
- Carbon intensity estimates for the iron ore supply chain
The launch aims to support the steel industry's decarbonization efforts and meet evolving regulatory requirements. This initiative complements Platts' existing Carbon-Accounted Steel Premium (CASP) offerings and addresses the significant carbon footprint of iron and steel production, which accounts for nearly 7% of global greenhouse gas emissions.
S&P Global Commodity Insights, attraverso la sua divisione Platts, lancerà il primo assessment giornaliero dei prezzi del minerale di ferro con conteggio del carbonio al mondo il 30 settembre 2024. Questa nuova offerta include:
- Una valutazione giornaliera del minerale di ferro con conteggio del carbonio che incorpora l'indice globale Platts per il minerale di ferro al 62% Fe (IODEX)
- Un premio per l'intensità carbonica che riflette il costo di compensazione delle emissioni di gas serra nell'estrazione e nel trasporto
- Stime dell'intensità carbonica per la catena di approvvigionamento del minerale di ferro
Il lancio mira a supportare gli sforzi di decarbonizzazione dell'industria siderurgica e a soddisfare i requisiti normativi in evoluzione. Questa iniziativa completa le offerte esistenti di Platts riguardanti il Premium per l'Acciaio con Conteggio del Carbonio (CASP) e affronta l'importante impronta di carbonio della produzione di ferro e acciaio, che rappresenta quasi il 7% delle emissioni globali di gas serra.
S&P Global Commodity Insights, a través de su división Platts, lanzará el primer análisis diario de precios de mineral de hierro contabilizado por carbono en el mundo el 30 de septiembre de 2024. Esta nueva oferta incluye:
- Una evaluación diaria del mineral de hierro contabilizado por carbono que incorpora el índice global de mineral de hierro del 62% Fe de Platts (IODEX)
- Una prima de intensidad de carbono que refleja el costo de compensar las emisiones de gases de efecto invernadero en la minería y el transporte
- Estimaciones de intensidad de carbono para la cadena de suministro de mineral de hierro
El lanzamiento tiene como objetivo apoyar los esfuerzos de descarbonización de la industria del acero y cumplir con los requisitos regulatorios en evolución. Esta iniciativa complementa las ofertas existentes de Platts relacionadas con la Prima de Acero Contabilizado por Carbono (CASP) y aborda la considerable huella de carbono de la producción de hierro y acero, que representa casi el 7% de las emisiones globales de gases de efecto invernadero.
S&P Global Commodity Insights는 그들의 Platts 부서를 통해 2024년 9월 30일 세계 최초의 탄소 계산 제철광 가격 평가를 출시합니다. 이 새로운 제품은 다음과 같은 내용을 포함합니다:
- Platts의 전 세계 기준인 62% Fe 철광석 지수 (IODEX)를 포함한 탄소 계산 철광석 일일 평가
- 채굴 및 운송 과정에서 온실가스 배출을 보상하는 비용을 반영한 탄소 강도 프리미엄
- 철광석 공급망에 대한 탄소 강도 추정치
이번 출시는 제철 산업의 탈탄소화 노력과 변화하는 규제 요건을 지원하기 위한 것입니다. 이 이니셔티브는 Platts의 기존 탄소 계산 강철 프리미엄(CASP) 제공을 보완하며, 철과 강철 생산의 상당한 탄소 발자국을 다루고 있습니다. 이들 생산은 전 세계 온실가스 배출량의 거의 7%를 차지합니다.
S&P Global Commodity Insights, à travers sa division Platts, lancera le 30 septembre 2024 les premières évaluations de prix journaliers du minerai de fer comptabilisé en carbone au monde. Cette nouvelle offre comprend :
- Une évaluation quotidienne du minerai de fer comptabilisé en carbone qui intègre l'indice mondial Platts des minerais de fer à 62% Fe (IODEX)
- Une prime d'intensité carbone reflétant le coût de compensation des émissions de gaz à effet de serre dans l'exploitation minière et le transport
- Des estimations d'intensité carbone pour la chaîne d'approvisionnement en minerai de fer
Le lancement vise à soutenir les efforts de décarbonisation de l'industrie sidérurgique et à répondre aux exigences réglementaires évolutives. Cette initiative complète les offres existantes de Platts concernant la prime pour l'acier comptabilisé en carbone (CASP) et traite de l'empreinte carbone significative de la production de fer et d'acier, qui représente près de 7% des émissions mondiales de gaz à effet de serre.
S&P Global Commodity Insights wird über seine Platts-Abteilung am 30. September 2024 die weltweit ersten täglichen Preiserhebungen für mit Kohlenstoff bilanzierte Eisenerze einführen. Dieses neue Angebot umfasst:
- Einen täglichen Preisindex für mit Kohlenstoff bilanzierte Eisenerze, der den globalen Benchmark-Index von Platts für 62% Fe (IODEX) einbezieht
- Eine Kohlenstoffintensitätsprämie, die die Kosten für die Kompensation von Treibhausgasemissionen in Bergbau und Transport widerspiegelt
- Schätzungen zur Kohlenstoffintensität für die Eisenerzlieferkette
Der Launch zielt darauf ab, die Dekarbonisierungsbemühungen der Stahlindustrie zu unterstützen und sich an die sich entwickelnden regulatorischen Anforderungen anzupassen. Diese Initiative ergänzt das bestehende Angebot von Platts für die Kohlenstoff-bilanzierte Stahlprämie (CASP) und befasst sich mit dem erheblichen Kohlenstoff-Fußabdruck, den die Produktion von Eisen und Stahl hinterlässt, was nahezu 7% der globalen Treibhausgasemissionen ausmacht.
- Launch of world's first daily carbon-accounted iron ore price assessments
- Addresses growing informational needs for steel industry's decarbonization efforts
- Complements existing Carbon-Accounted Steel Premium (CASP) offerings
- Provides critical context for carbon footprint in iron ore supply chain
- None.
Insights
The launch of the world's first daily carbon-accounted iron ore price assessments by S&P Global Commodity Insights is a significant development for the metals and commodities industry. This new tool addresses the growing need for transparency in carbon emissions throughout the steelmaking value chain, aligning with evolving regulatory requirements and industry decarbonization efforts.
Key points to consider:
- The Carbon-Accounted IODEX combines the existing 62% Fe iron ore index with a carbon intensity premium, reflecting the cost of offsetting emissions in mining and transportation.
- This assessment covers 7% of global greenhouse gas emissions attributed to iron and steel production, positioning it as a critical tool for the industry's largest emitters.
- The launch complements existing carbon-accounted steel premiums, expanding S&P Global's suite of carbon-related pricing tools.
For investors, this development signifies increased market sophistication in pricing carbon-related risks and opportunities. It may lead to more accurate valuation of companies based on their carbon footprint and ability to adapt to stricter environmental regulations. Long-term, this could impact investment decisions in the metals and mining sector, potentially favoring companies with lower carbon intensities.
The introduction of carbon-accounted iron ore price assessments marks a pivotal shift in how the industry measures and values environmental impact. This move is likely to have far-reaching consequences:
- Regulatory Compliance: As global environmental regulations tighten, these assessments will become important for companies to demonstrate compliance and avoid potential penalties.
- Market Differentiation: Iron ore producers with lower carbon intensities may command premium prices, incentivizing industry-wide emissions reductions.
- Investment Flows: ESG-focused investors will have a new metric to guide their decisions, potentially redirecting capital towards more sustainable operations.
The inclusion of carbon costs in iron ore pricing could accelerate the transition to greener steelmaking technologies. However, it may also lead to short-term price volatility as the market adjusts to this new paradigm. Companies that adapt quickly to this carbon-conscious pricing model may gain a competitive edge, while those lagging behind could face increased scrutiny and potential market share loss.
New assessment enables market to quantify carbon emissions further up the steelmaking value chain in line with evolving reporting and regulatory requirements
The new carbon intensity series features a daily carbon-accounted iron ore assessment incorporating Platts global benchmark
The Platts IODEX Carbon Intensity Premium reflects carbon intensities of the mining, inland transportation, loading, and shipping of iron ore from key ports in
Carbon-Accounted IODEX is the sum of Platts IODEX and the IODEX Carbon Intensity Premium and marks a first such assessment for iron ore, the key ingredient used in the blast furnace-basic oxygen furnace route that accounts for more than
The launch meets growing informational needs by global steel producers, processors, end-users and traders, as they adapt to evolving regulatory and reporting requirements.
This new series complements Platts Carbon-Accounted Steel Premium (CASP) offering for finished steel, building on more than a year of CASP price history for European hot-rolled coil, and follows the September 2024 launch of world-first CASPs for rebar and medium sections.
Niki Wang, Senior Managing Editor, Iron Ore at S&P Global Commodity Insights commented, "We are pleased to announce the launch of Commodity Insights' first carbon intensity offering for metals, supporting the Platts IODEX global benchmark. With iron and steel production accounting for almost
"Carbon-Accounted IODEX provides critical context around the carbon footprint of transactions of the iron ore supply chain in a market that is increasingly concerned about their environmental impact," said Heather Jones, Head of Emissions Technical, Center of Emissions Excellence at S&P Global Commodity Insights. "The information it delivers is a necessary tool to help industry players better understand, track, and ultimately price carbon in their business decisions."
For more information, the subscriber note about the assessments may be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/092524-platts-to-launch-worlds-first-daily-carbon-accounted-iron-ore-assessment-iodex-carbon-intensity-premium
Access details of Platts' price assessments methodology here: https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-methodology-guide.pdf
Platts Carbon-Accounted IODEX, IODEX Carbon Intensity Premium and carbon intensity estimates are available via S&P Global Commodity Insights products and services, including Platts Steel Alert, SBB Steel Markets Daily, Platts Connect, Platts Market Center, and the Platts price database. Platts Carbon-Accounted IODEX, IODEX Carbon Intensity Premium and carbon intensity estimates will be available from September 30 via S&P Global Commodity Insights products and services, including Platts Steel Alert, SBB Steel Markets Daily, Platts Connect, Platts Market Center, and the Platts price database.
Media Contacts:
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.
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. For more information visit https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights
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