Metals & Mining Theme, Ferrous

June 10, 2025

New iron ore index symbols

The following iron ore index symbols have been created in the Market Data category SI (Metals: Iron Ore). The daily symbols will appear on the following:

Fixed Pages: Platts Steel and Raw Materials Alert STL1105 and STL1150.

Publications: SBB Steel Markets Daily and Steel Raw Materials Monthly.

They are scheduled to begin updating on June 10.

MDCSymbolBatesDecFreqCurrUOMDescription
SIFIOCS00c2DWUSDDMT62/61% Fe IODEX Basis Spread $/dmt
SIFIOCS03c2MAUSDDMT62/61% Fe IODEX Basis Spread MAvg $/dmt

Please follow the link below for further details:

Platts proposes to update IODEX quality specifications to reflect 61% Fe effective Jan. 2, 2026; launches Basis Spread June 2025 | S&P Global

If you have any comments or questions about this announcement, please contact S&P Global Commodity Insights Client Services or email CI.support@spglobal.com.