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    March 24, 2016

    TSI Index Another Option for Physical & Financial Contracts

    Written by Brett Linton

    In Sunday evening’s issue of Steel Market Update we published an article highlighting the Platts indices which are used by some mills and their customers to adjust flat rolled steel contract pricing. The other daily index out there is The Steel Index (TSI) which will be the index used for the NASDAQ Midwest Hot Rolled Coil contract (more about that later in this article).

    There is quite a spread between the various indexes following hot rolled coil. On Sunday we asked Joe Innace of Platts to explain why his number was where it was at the time and today we asked Kurt Fowler of The Steel Index the same question – why the spread between various indices?

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

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