Metals & Mining Theme, Ferrous

July 14, 2025

Platts updates July 4 IODEX rationale

Platts, part of S&P Global Commodity Insights, has updated the IODEX assessment rationale published on July 4, 2025.

Paragraph 7 in the IODEX assessment rationale should read as follows: "Taking into account impurity adjustments, timing and an additional brand spread of 5 cents/dmt, the trade normalized to $93.70/dmt, reflecting implied 61% IODEX specifications from January 2026."

The update affects only the rationale, not the assessment.

The rationale appears on SBB Steel Market Daily, and fixed pages PMA1109 and STL1109.