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S&P Global Commodity Insights told Türkiye Today on Thursday that it will open an office in Istanbul, Türkiye, on Nov. 1, 2025.
The company is a leading independent provider of information, analytics, and benchmark prices for global commodities and energy markets. It is also a division of S&P Global (NYSE: SPGI).
The move further expands the company’s long-standing physical presence across Europe, the Middle East, Africa, and Central Asia—regions that already host nearly twenty S&P Global Commodity Insights offices.
The new office will be located at Maslak Orijin Plaza, in one of Europe's most populous cities that not only straddles two continents but also the Bosphorus, one of the world's busiest waterways.
The Bosphorus Strait, which connects the Black Sea to the Sea of Marmara, is a key gateway for global commodity shipments, such as crude oil and grain exports from the Caspian & Middle East regions, and a key entry point for recycled steel into Türkiye.
"S&P Global Commodity Insights has been serving the information, data and insights needs for our clients and Türkiye for decades, and amidst the evolving trends in global commodity flows, we see Istanbul as a natural hub—where East meets West—for our increased activities not only in Türkiye but also in the Mediterranean, Central Asia, the Balkans and the Caucasus markets," said Dave Ernsberger, co-president of S&P Global Commodity Insights.
"We look forward to our on-the-ground presence in Istanbul, which will allow us not only to deepen our partnership with our extensive client base in the region but also to serve their existing and future informational needs even more impactfully through the more direct and more active local engagement we'll have with them, policymakers and industry leaders."
The price reporting capabilities of Platts, part of S&P Global Commodity Insights, have brought transparency to energy, chemicals, steel and scrap markets in Türkiye for decades.
For example, the "The Platts CFR Turkey Recycled Steel" price assessment is the industry-determined global benchmark reference price for ferrous scrap delivered to Türkiye.
As the world's largest importer of ferrous scrap and a leading player in global steel recycling and crude steel production, Türkiye is central to international steel and raw materials trade, which is expected to remain resilient across the next decade.
S&P Global Commodity Insights is committed to creating local jobs, investing in training, and developing local knowledge and capabilities, including by hiring Turkish talent as part of its staff in Istanbul.
Combined, the planned office openings in Istanbul, Türkiye, this year, as well as a planned office in Abuja, Nigeria, in early 2026, mark another important milestone in S&P Global Commodity Insights' longstanding commitment to meet the data, insights and information needs of the local, regional and global communities of the world's ever-evolving market arenas.
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