SUBSCRIBER NOTE: Platts proposes 55% Fe iron ore CFR North China assessment

Platts is soliciting feedback on a proposal to launch a new price assessment for spot 55% Fe iron ore CFR North China, effective March 1, 2015. The assessment would be published in a dollar/dry metric ton basis and would represent the increasing liquidity of circa 55% Fe fines being transacted into China on a spot basis. Initial market feedback has supported the launch of a 55% Fe assessment after Indian producers resumed exports this year, and altered the quality and specifications of lower grade fines being produced. Platts is proposing to publish this value in the daily iron ore assessment table in SBB Steel Markets Daily on page 3 and on page MW1105 of PMA and to database the value, making it available in data products under the category SI. Please send any feedback on the proposed assessment by January 25 to iodex@platts.com and pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.