S&P Global Platts announces merger of TSI-62% and IODEX iron ore indices

Overview of the feedback received during the consultation process for the upcoming TSI-62% and IODEX iron ore indices merger and the impact of this merger on the methodologies of the two prices.

* Merger will come into effect January 2, 2018
* TSI-62’s 6pm cut-off will change to become a 5.30pm timestamp -- aligning with IODEX
* Platts to alter the specifications of IODEX
* Platts to add new impurity penalty and premia bands
* Platts reviewing the possibility of introducing formal publication deadline

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