SUBSCRIBER NOTE: Platts clarifies iron ore forward curve normalization process

Platts wishes to clarify that its TSI iron ore forward curve reflects the standard tradeable increment in the market, which has moved to $0.05/t from $0.25/t in the derivatives market. Platts continues to value its TSI iron ore derivatives between the best bid and best offer for a given contract month in order to reflect prevailing market value. This note relates to the following price codes: TSIPY01; TSIPM00; TSIPM01; TSIPM02; TSIPM03; TSIPQ01; TSIPQ02; TSIPQ03. Please submit any feedback, comments or questions to 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.