SUBSCRIBER NOTE: Platts changes specifications for 62% Fe CFR China iron ore index

S&P Global Platts has updated from January 2, 2018, the specification and delivery port of The Steel Index 62% Fe iron ore fines, CFR Tianjin port, to more closely reflect the specifications of the spot market's most liquid products.

The change sees modifications to alumina, sulfur and phosphorus levels, and minimum lot size, as well as a move of the basis port to Qingdao from Tianjin.

On January 2, 2018, Platts merged the TSI-62% (TS01021) and IODEX (IODBZ00) price series. Details of this merger can be found here: https://www.platts.com/subscriber-notes-details/26735730. Please find below details of the previous and current specifications. Measure Previous Current Iron 62% 62% Silica 4% 4% Alumina 3.5% 2.25% Phosphorus 0.07% 0.09% Sulfur 0.05% 0.02% Moisture 8% 8% Tonnage 20,000 mt 50,000 mt Delivery port Tianjin Qingdao

If you have any questions or feedback regarding this change, please send them to pricemethodology@spglobal.com.

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