Platts corrects April 21 IODEX rationale

Platts, part of S&P Global Energy, has corrected the IODEX assessment rationale published on April 21.

The corrected line should read as follows: "At 4:12 pm Singapore time, Rio Tinto sold a 170,000 mt cargo of 61% Fe Pilbara Blend Fines (PBF) at a premium of $1.45/dmt CFR China over the June average of IODEX, via bilateral negotiations, with a loading laycan of May 28 to June 6, from Port Dampier to Qingdao."

The correction affects only the rationale, not the assessment.

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