SUBSCRIBER NOTE: Platts discontinues 52%-Fe Iron Ore Assessment

Following a period of industry feedback, S&P Global Platts has discontinued publication of the daily 52%-Fe Iron Ore price assessment (IONC520), effective July 1, 2016.

The liquidity of circa 52%-Fe fines cargoes in the spot market has become thin, with such low-grade material no longer being transacted into China on a spot basis.

This follows from a three-year mining ban in west coast India, which used to be the primary source of such material, and even with the resumption of exports from that region this year, circa 52%-Fe fines material is not representative of what is currently being produced and traded.

All comments and questions may be addressed to iodex@spglobal.com and pricemethodology@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.