SUBSCRIBER NOTE: Platts excludes taxes in Brazilian domestic steel assessments

Following industry consultation, Platts will publish from July 1, 2015, its monthly Brazilian domestic steel assessments without the federal and state taxes (IPI 5%, ICMS 12%-18% and Pis/Cofins 9.25%) currently included.

All new data collected for the price assessments will be normalized to a tax-exclusive basis. The historical data histories for these assessments would continue to include the taxes prior to the change. New descriptions, as follow:

SB01138 -- HRC Brazil Dom Prod Ex-Works Taxes Excluded Mthly SB01080 -- CRC Brazil Dom Prod Ex-Works Taxes Excluded Mthly SB01117 -- HDG Brazil Dom Prod Ex-Works Taxes Excluded Mthly SB01175 -- Plate A36 Brazil Dom Prod Ex-Works Taxes Excluded Mthly SB01163 -- Merchant Bar Brazil SE Dom Prod Ex-Works Taxes Excluded Mthly SB01190 -- Rebar 10MM Brazil SE Dom Prod Ex-Works Taxes Excluded Mthly SB01241 -- Wire Rod Draw Quality 6.5MM Brazil SE Dom Prod Ex-Works Taxes Excluded Mthly All other specifications for the price assessments would remain unchanged. Platts continues to invite feedback, comments and questions to Adriana Carvalho, adriana.carvalho@platts.com and Christopher Davis, Christopher.davis@platts.com, with a cc to 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.