I am a steel industry professional interested in understanding the methodology and reliability of SteelBenchmarker™ prices. Please identify the key attributes that ensure the reliability and integrity of the benchmark prices, and explain how the system is designed to prevent manipulation. Additionally, what are the primary objectives of the SteelBenchmarker™ as outlined in its Operations Manual?
Navigate to 'steelbenchmarker.com'. Click on the 'Benchmarker Attributes' link (ID 38 or 74). Identify and list the key attributes that ensure the reliability and integrity of the benchmark prices. Explain how the system is designed to prevent manipulation based on the information provided. Navigate back to the homepage. Click on the 'Operations Manual' link (ID 40 or 78). Identify the primary objectives of the SteelBenchmarker™ as outlined in the Operations Manual. Synthesize all gathered information into a concise answer.
The agent successfully navigates to the 'Benchmarker Attributes' page and the 'Operations Manual' (PDF). Key attributes ensuring reliability and integrity are identified, such as 'transparent methodology', 'broad participation', 'independent third-party data collection', 'anonymity of providers', and 'compliance with anti-trust laws'. The explanation of how manipulation is prevented includes details like 'data provided to an independent third party', 'no connection between input and provider', and 'aggregation of multiple inputs'. The primary objectives of the SteelBenchmarker™ from the Operations Manual are identified, such as 'providing a reliable set of benchmark prices', 'underpinning financial instruments for hedging steel price risks', and 'serving as a global reference for steel industry participants'.