CRU prices are based on regular contact with a wide network of market participants. This network is constantly reviewed and expanded to ensure a balance of buyers and sellers, and reflect actual activity in the market.
In July 2014 we adopted the internationally recognised and independent IOSCO standards for price assessment. All price assessments are carried out by experienced analysts who have a rich understanding of the markets that they are covering. We treat dialogue with market participants as confidential and no details are shared with third parties. We also regularly carry out consultations with the market about its methodology to ensure that it accurately reflects the underlying commodity market and latest regulations.
Independent market research of steel buyers confirms that a robust and transparent methodology is one of the main criteria for judging the robustness of a price benchmark. This is why so many companies rely on CRU prices to do business.
Independent market research commissioned by CRU showed that more than 80% of buyers and sellers said a methodology that is freely available and transparent was an important criteria for judging the robustness of a price benchmark.
CRU provides the only steel benchmark that is subject to a unique third-party audit – the US Midwest hot-rolled coil price benchmark.
If you have any questions or general comments on any of our prices, please email: firstname.lastname@example.org outlining the name and date of the price assessment.
The methodology and definitions documents for CRU price assessments are available to download by clicking on the links below.
The methodology and definitions documents for CRU price assessments