Platts proposes daily 52%-Fe CFR N China iron ore fines assessment

Platts intends to publish, starting October 3, 2011, a daily seaborne spot price assessment for 52%-Fe CFR North China iron ore fines in addition to its current iron ore assessments.

Platts invites feedback from market participants on the proposed new price.

Platts intends to normalize iron ore grades between 50%-Fe and 54%-Fe to 52% Fe with 8% alumina and 8% silica.

Please address any comments or questions by September 9, 2011, to: Francis Browne, francis_browne@platts.com, annalisa_jeffries@platts.com and keith_tan@platts.com with a copy to the pricegroup@platts.com.