SUBSCRIBER NOTE: Platts proposes to discontinue 63.5/63%-Fe Iron Ore Assessment

Platts is proposing to discontinue publication of the daily 63.5/63%-Fe Iron Ore price assessment (IODSC00), effective March 31, 2016.

The market typically prices spot cargoes, which are reflected in Platts 63.5/63%-Fe assessment, utilizing the benchmark 62% Fe Iron Ore Index as a base, so that 63.5/63% Fe is no longer a discrete assessment, price or reference. As a result the assessment has become an implied value derived from Platts IODEX 62%Fe assessment.

Platts intends to continue to publish this implied value until the end of the fiscal year 2015/2016 (April-March), with the intention to make March 31, 2016, the last date this assessment is published. Platts recognizes that the assessment may have some residual use in contract negotiation, settlement and/or royalty payments and therefore extends a period of market consultation and feedback until October 1, 2015, before a final decision is made.

Any further questions of feedback should be directed to iodex@platts.com and pricegroup@platts.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.