PRICING NOTICE: Proposed changes to publication times of Metal Bulletin Iron Ore Index

Metal Bulletin is proposing to make changes to the publication times of the Metal Bulletin Iron Ore Indices to better align them with the existing market.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The two following changes are proposed:

1. Publication of the iron ore indices to be moved to 19:00 Singapore time all year round.

2. Publication of the indices will not take place on Singaporean National Holidays. Currently the indices are published on all week days regardless of national holidays. This proposal would result in the daily indices not being published on the following days in 2014:

  • 1 January
  • 31 January
  • 18 April
  • 1 May
  • 13 May
  • 28 July
  • 8 August
  • 6 October
  • 23 October
  • 25 December

Where non-publishing holidays occur on a Friday, the weekly indices will be published on the preceding working day and will reflect price data from that week’s working days.
The iron ore spot market is constantly developing. As such Metal Bulletin reviews its methodology and specifications on a regular basis to ensure that they remain as relevant and representative of the market as possible.

Metal Bulletin proposes to implement these changes on January 1, 2014.

To provide feedback on these proposed changes please contact the Metal Bulletin index team by Friday December 20, 12:00 London time.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.