SUBSCRIBER NOTE: Platts to discontinue 63.5/63%-Fe Iron Ore Assessment

Following industry feedback, Platts plans to discontinue publication of the daily 63.5/63% Fe Iron Ore price assessment (IODSC00), effective June 1, 2016.

The market typically prices spot cargoes, which are reflected in Platts 63.5/63% Fe assessment, utilizing the benchmark 62% Fe Iron Ore Index as a base, so that the 63.5/63% Fe is no longer a discrete assessment, price or reference. As a result the assessment has become an implied value derived from Platts IODEX 62%Fe assessment.

The intention is to make May 31, 2016, the last date this assessment is published. This is in order to allow for any utilization of the assessment in current contracts, settlement and/or royalty payments to run its course. All comments and questions may be addressed 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.