Platts clarifies currency, unit of Iron Ore Concentrate China domestic assessment monthly average

Platts, part of S&P Global Commodity Insights, is clarifying that the monthly average of its Iron Ore Concentrate 66% Fe DDP Tangshan assessment is published in USD per dry metric ton.

The monthly calculation (SBMAJ03) takes the average of the weekly assessment in Yuan/dmt (SB01159) and converts to USD/dmt.

The monthly average description and symbol are as follows:

Platts is updating its Global Iron Ore specifications guide to clarify the unit and currency.

Effective December 2022, the monthly average published in Steel Raw Materials Monthly (SRM) will reflect USD/dmt and will no longer display a value in Yuan/dmt.

The monthly average is published in SRM, on Platts Dimensions Pro and in the Platts price database.

Please send comments and questions 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 on request.