Argus Steelmaking Raw Materials Methodology Guide

This document is a methodology and specifications guide for Argus Steelmaking Raw Materials. It outlines the processes used to construct methodologies that reflect market trading practices, aiming to produce reliable price assessments for various commodities including iron ore, coking coal, and steel. The guide details the survey process through which Argus collects market data from a wide range of participants, including producers and consumers, to inform price assessments. It explains the importance of transaction data and the criteria for inclusion in the assessment process, emphasizing the need for credible market data. The document also describes the verification process for transaction data, including primary and secondary tests applied by reporters and editors to ensure data integrity. Furthermore, it discusses assessment guidelines for scenarios where transaction data is insufficient, highlighting the rigorous and replicable judgment process used to determine market value.