SUBSCRIBER NOTE: Feedback extended for Platts proposed 65% Fe fines index basis Atlantic, DR pellet assessments

S&P Global Platts is extending the period for feedback to the proposed publication of blast furnace and direct reduction iron ore pellet premiums and total dmtu blast furnace pellet pricing on a 65% Fe fines index.

This follows industry feedback indicating that negotiations for contract pricing on a 65% Fe fines CFR China basis were not fully concluded.

As a result, Platts will consider industry feedback through March 29, for a proposed launch effective May 1, 2019.

Platts is proposing to publish a 65% Fe fines index in contract Atlantic and DR pellet premiums and pricing formulas, in addition to the current contract pellet assessments.

Platts is proposing to use a 65% Fe fines CFR China netback to Tubarao, Brazil, based on Platts 65% fines China CFR indexes and a daily Capesize voyage assessment between Tubarao and Qingdao, North China (IOFBC00), for calculation of contract formulas using 65% Fe fines.

Platts is proposing to retain the publication of its Platts IODEX 62% Fe fines with a multiple (x3) of the 1% Fe differential monthly average (IOMGD03).

Please submit any feedback, comments or questions about this proposal to Hector Forster, hector.forster@spglobal.com and pricegroup@spglobal.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.