S&P Global Platts sets 58% Iron Ore Fines Assessment moisture at 8% (IODFE00)

Effective June 19, 2020, Platts has set its 58%-Fe iron ore fines assessment moisture ((IODFE00) at 8%.

Platts first launched a formal proposal on May 29 in a subscriber note available here: http://plts.co/Ajju30qRp5V

Market participants across the supply chain stated that the proposed moisture level would be more reflective of the current spot market as well as ease of comparisons and cross-calculations with the IODEX 62%-Fe CFR North China (IODBZ00).

The affected assessments are published on fixed pages PMA1105 and PMA1106 of the real-time Platts Metals Alert, in SBB Steel Markets Daily, in the Platts Market Center and in the Platts price database.

Please send all comments, questions and other feedback by June 22, 2020 to IODEX@spglobal.com and pricegroup@spglobal.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.