10 May 2011 | 05:14 UTC — London

Correction: May 4, 5 Asian iron ore assessments

Prices effective May 4 and 5, the following Asian iron ore assessments were incorrectly published.

The correct assessments are below:

Asian China Iron Ore daily Prices - 04May11 (CORRECTION)

($/dmt) Midpoint

IODEX 62% Fe Fines CFR China X184.50-185.50X 185.00X

65% Fe CFR Qingdao X199.25-200.25X 199.75X

58% Fe* CFR Qingdao X160.00-161.00X 160.50X

*Al = 4.0% max

X=Corrected

Platts Daily Asian Iron ore fines assessment FOB netbacks - 04May11 (CORRECTION)

Route IODEX($/dmt)

Australia 176.57X

India West 169.76X

India West 165.14X

India East* 164.35X

Brazil 163.57X

South Africa 172.11X

Asian China Iron Ore daily Prices - 05May11 (CORRECTION)

($/dmt) Midpoint

IODEX 62% Fe Fines CFR China X185.50-186.50X 186.00X

63.5/63% Fe CFR Qingdao X189.75-190.75X 190.25X

65% Fe CFR Qingdao X200.25-201.25X 200.75X

58% Fe* CFR Qingdao X161.00-162.00X 161.50X

*Al = 4.0% max

X=Corrected Platts Daily Asian Iron ore fines assessment FOB netbacks - 05May11 (CORRECTION)

Route IODEX($/dmt)

Australia 177.57X

India West 170.76X

India West 166.14X

India East* 165.35X

Brazil 164.57X

South Africa 173.11X