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Assessment calculations 9 Part IV: Platts editorial standards 12 Part V: Corrections 12 Part VI: Requests for clarifications of data and complaints 12 Part VII: Definitions of the trading locations for which Platts publishes indexes or assessments 13 Iron Ore Assessments 15 Iron Ore Paper Swaps 19 Freight and Netbacks 21 Revision history 22 Methodology and specifications guide Iron ore Latest

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Iron Ore Pricing: A Review of Methodology and the Emergence of Floating Price Activity Keith Tan, Managing Editor, Steel Raw Materials Singapore, May 31, 2013. Agenda • Platts price discovery

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Iron ore prices have actually only been set on a daily basis for the past eight years, and are not as transparent as prices for many other industrial commodity markets.

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