Subscriber note: Platts proposes discontinuing selected SBB iron ore prices

With effect from August 16, 2013, Platts is proposing to discontinue selected iron ore price series produced formerly by Steel Business Briefing, as part of a goal to harmonize and integrate prices published by both entities, following the Platts acquisition of SBB on July 1, 2011. The move would also reflect current industry practices in iron ore pricing. The affected series are calculations and assessments of contract and spot prices of iron ore fines and pellet. Following recent major changes in the way the market prices fines, to one based mainly on spot price indexes; and pellet, which is determined mainly by negotiated premiums over spot price indexes of fines, Platts proposes to discontinue the following SBB price series:

SB01095 Iron Ore Pellet 65.7% Fe Est Mthly CtrPr Brazil Exp FOB Mthly SB01096 CVRD/Vale Carajas Fines CJF 66% Fe Jap Brazil Exp FOB Ponta Da Madeira SB01097 CVRD/Vale Standard Sinter Feed 65% Fe Eur Brazil Exp FOB Tubarao SB01030 BHPB Mt Newman Hi-Grd 63% Fe Fines Jap Aus Exp FOB W Aus Port

Platts also plans to discontinue the following SBB price series: SB01158 Indian Iron Ore 63% Fe Fines Dry China Imp CFR N China Port Wkly Subscribers may refer to the following existing Platts price series in place of the above: IODSC00 IO fines Fe 63.5/63% $/DMt Detailed methodology and specifications underlying the Platts assessment can be found at: http://www.platts.com/IM.Platts.Content/MethodologyReferences /MethodologySpecs/ironore.pdf Please send all feedback and queries to Keith Tan, keith_tan@platts.com with a copy to iodex@platts.com and pricegroup@platts.com.