S&P Global Platts support for iron ore added credibility and helped change the sentiment of the majority who said that this market could not be commoditized.
— Mark Lyons, Castleton Commodities
The transformation of iron pricing 10 years ago provided all participants in the industry with an opportunity to better manage their price risk. It has brought more mature dynamics to the market and attracted many new people to participate in one of the world's largest traded commodities.
— Jason Keys, Ferrexpo Group
Prior to 2008 iron ore was seen as a niche and opaque commodity. The benefits of iron ore indexation have encouraged evolution in other steel derivative markets such as scrap, lump, rebar and hot rolled coil.
— Phillip Killicoat, Goldman Sachs
We rely on what Platts does. We use the very reliable indexes produced on a daily basis by Platts, and Platts has been extremely good terms of keeping up with the markets' needs. I commend them for that.
— Lourenco Goncalves, Cleveland-Cliffs