ArcelorMittal Peak Downs/BMA PLV and Peak Downs North Coking Coal tender on May 5 through Platts

ArcelorMittal Sourcing, the trading arm of ArcelorMittal, intends to issue on May 5 an open expression of selling interest for a combi cargo of Australian premium low volatile matter, or PLV, coking coal Peak Downs/BMA PLV, and Australian premium mid volatile matter, or PMV, coking coal, Peak Downs North.

The tender will be facilitated by Platts, part of S&P Global Commodity Insights, metallurgical coal Market on Close price assessment process, with firm bids for full cargo to be published as headlines on fixed page 0700 of the real-time Platts Steel and Raw Materials Alert, and communicated to Platts' market-wide list of coking coal contacts via email.

ArcelorMittal Sourcing intends to offer a combi cargo of 36,000 mt (plus/minus 10%) of Peak Downs/BMA PLV at seller's option, and 36,000 mt (plus/minus 10%) of Peak Downs North, for May 15-24 laycan. Load port will be Hay Point/DBCT at seller's option. Payment terms will be BL plus 10 days by TT. Other terms as per usual terms and conditions.

Platts will publish a first intraday value at 2 pm Singapore time (0600 GMT), reflecting information available to Platts prior to that point to reflect the tradable value at that time. A second intraday value will be published at 4:15 pm Singapore time as usual, to reflect the tradable value at that time. This together with other information received before 5:30 pm SGT will be considered for the day's final assessment.

Platts will publish firm bids received from ArcelorMittal Sourcing's customers latest by 3:15 pm SGT (0715 GMT). Subsequently, only price changes can be made until 4 pm SGT. Bids are to be communicated to Platts through existing communication channels.

Only bids that are for full quantity (72,000 mt plus/minus 10% shipping tolerance) and for fixed price will be considered. Platts will not publish bids for partial quantity, or bids that are index-linked or that combine index-linked and fixed-price components.

Companies must provide the following details when submitting their bids to Platts for publication:

Full Company (entity) Name:

Bid Price: $xxx/mt FOB Australia for Peak Downs/BMA PLV, and $xxx/mt FOB Australia for Peak Downs North

Bids will be published as "Buyer 1", "Buyer 2", and so on. Any final awards will be made transparently, with the name of the successful buyer(s) to be confirmed and published.

Published bids may be updated at a maximum increment of US$2/mt and a minimum increment of US$1/mt per 5 minutes from 3:15 pm until 4 pm SGT (0800 GMT), after which no further changes will be published.

Bids may be submitted via email PL_CokingCoal@spglobal.com, or by instant messaging via Whatsapp, Wechat or other channels. Platts editorial team would be reachable at +65 9029 0631. Bids will be published in the following format: ARCELORMITTAL Peak Downs/BMA PLV and Peak Downs North TENDER: Buyer 1 bids $xxx/mt FOB Australia for Peak Downs/BMA PLV and $xxx/mt FOB Australia for Peak Downs North, laycan 15-24 May, 72kt on Panamax.

Final bids standing at 4 pm will have validity until 5:30 pm SGT (0930 GMT) on the day of tender.

For further details, contact PL_CokingCoal@spglobal.com and pricegroup@spglobal.com. For any inquiries related to ArcelorMittal Sourcing, contact Alessandro Poli alessandro.poli@arcelormittal.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 to the public upon request.

---------------------------------

Tender details:

Seller: ArcelorMittal Sourcing

Buyer: Best bidder, subject to ArcelorMittal Sourcing final approval

Brand 1:

• Quality: BHP Peak Down/BMA PLV in Seller's option

• Laycan: 15-24 May 2022

• Quantity: 36kt +/- 10% shipping tolerance

• Load port: Hay Point / DBCT in Seller's option

Brand 2:

• Quality: BHP Peak Down North

• Laycan: 15-24 May 2022

• Quantity: 36kt +/- 10% shipping tolerance

• Load port: Hay Point / DBCT in Seller's option

Payment terms: BL plus 10 days by TT

Other terms as per usual terms and conditions

Award: Award will be decided and finalized by ArcelorMittal Sourcing. For queries on the tender, please contact alessandro.poli@arcelormittal.com in suitable time prior to the closing.