SUBSCRIBER NOTE: Platts to publish DR Iron Ore Pellet Premium

Following a period of market consultation and feedback Platts has decided to publish, starting July 1, 2015, a monthly assessment for Direct Reduction Iron Ore Pellet Premiums (DR Pellet Premiums).

The DR pellet premium assessment will complement the existing Atlantic Basin Blast Furnace Iron Ore Pellets Estimated Monthly Contract Price and reflect premiums paid under contract volumes for DR pellet globally.

The assessment will reflect the premium paid for a high quality 67.5% Fe DR grade pellet, net of any further quality adjustments over a 65% Fe basis.

The premium will be published on a dollar/dry metric ton basis.

The DR pellet specification will reference 67.5% Fe, 1.5% Silica, 300 CCS, and sizing over 9 mm 94%.

The proposed assessment is planned for publication in Platts SBB Steel Markets Daily, on Platts Metals Alert and in the Platts SBB Steel Price Analyzer.

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.

Platts invites questions to be addressed to hector.forster@platts.com and pricegroup@platts.com