SUBSCRIBER NOTE: Platts proposes to launch 65% Fe fines index basis Atlantic, DR iron ore contract pricing

S&P Global Platts is reviewing its methodology around publication of iron ore pellets pricing for Atlantic blast furnace and direct reduction grade estimated contract references published on page 3 of Steel Markets Daily.

Platts is inviting feedback on this proposal until January 16, 2019. Platts proposes to publish blast furnace and direct reduction pellet premiums and total dmtu blast furnace pellet pricing on a 65% Fe fines index in pricing formulas in addition to the current contract pellet assessments.

Platts proposes to retain publication of references basis Platts IODEX 62% Fe fines and a multiple (x3) of the 1% Fe differential monthly average (IOMGD03).

Platts proposes to use a 65% Fe fines CFR China netback to Tubarao, Brazil, based on Platts' 65% fines China CFR indexes and daily Capesize voyage assessment between Tubarao and Qingdao, North China (IOBC00), for calculation of contract formulas using 65% Fe fines.

Platts proposes to make these changes effective February 1, 2019. Feedback will be considered through January 16, 2019.

Please submit any feedback, comments or questions about this proposal to hector.forster@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 upon request.