SUBSCRIBER NOTE: Platts corrects historic weekly averages for iron ore, scrap, billet

Platts has corrected historic weekly average assessments for IODEX, Turkish scrap imports, and Black Sea billet exports that occurred due to a calculation error in the weekly average coding for certain weeks between 2009 and 2012.

For IODEX (IODBZ02), the weekly average published on April 17, 2009, has been corrected to read $58.70/dmt CFR North China, rather than the originally published value of $58.50/dmt.

Also, the weekly average published on May 6, 2011, has been corrected to $184.13/dmt, from $183.19/dmt.

For Turkish scrap (FETKD04), the following weekly averages have been corrected to the figures given: June 10, 2011: $478.30/mt CFR Turkey June 17, 2011: $477.80/mt October 28, 2011: $426.50/mt November 11, 2011: $422/mt January 27, 2012: $448/mt February 3, 2012: $435.50/mt March 16, 2012: $439.98/mt

For Black Sea billet (STBLB04), the following weekly averages have been corrected to the figures given: June 10, 2011: $672.50/mt FOB Black Sea June 17, 2011: $668.50/mt October 28, 2011: $585.50/mt January 27, 2012: $569.50/mt February 3, 2012: $561/mt March 16, 2012: $602.50/mt

These assessments appear in some of: SBB Steel Markets Daily, SBB Daily Briefing.

For comments or queries, please contact pricemethodology@platts.com.