SUBSCRIBER NOTE: Platts to publish IODEX netback Europe

Following a period of market consultation and feedback, Platts has decided to publish, starting July 1, 2015, an IODEX 62% Fe iron ore netback assessment CFR Europe.

Platts will publish, on a daily basis, the value of iron ore reflected in Platts benchmark IODEX assessment CFR China, implied on a CFR Rotterdam basis.

The value would be determined by applying a simple netback calculation, adding Capesize Tubarao to Rotterdam sea freight to our existing IODEX netback Brazil Capesize (IONBB00).

The assessment will be published on a dollar/dry metric ton basis and a monthly average would also be available.

IODEX netback Rotterdam would follow the publishing schedule for IODEX in Singapore, provided it is not a public holiday in the UK on the same date.

Platts welcomes all feedback.

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 iodex@platts.com and pricegroup@platts.com.