“The CRU index is what most mills in the US refer to. It seems to have the most credibility.”
This is dependent on whether you are contributing to a Level 1.5 or Level 2.0 price index.
Level 1.5 data providers
Our current level 1.5 assessments are: Italian Hot-rolled coil,
Italian Cold-rolled coil,
Italian Hot-dipped galvanised coil,
German Hot-rolled coil,
German Cold-rolled coil,
German Hot-dipped galvanised coil, German Plate
Requirements from Level 1.5 data providers:
Submit data relating to the average price of spot transactions conducted within the survey period, typically once a week
Level 2.0 data providers
Our Level 2.0 assessments currently include U.S. Hot-Rolled Coil, U.S. Cold-Rolled-Coil, U.S. Hot-Dipped Galvanised Coil and U.S. Plate.
Requirements from Level 2.0 data providers:
Sign a data providers agreement
In addition to price data, data providers also provide volume data each week, which is equal to the volume of orders to which the price submission refers