CISA revising ore index methodology: official

摘要

The China Iron & SteelAssociation has started revising its iron oreprice index methodology, an association officialsaid Monday.“At the request of our member mills, wewill be placing greater emphasis on actualtransaction prices instead of an index, andmay be adding more varieties of iron ore toour basket for calculating the iron ore priceindex instead of only fines,” the officialsaid, suggesting the association is alsoopen to publishing seaborne prices forsome individual Chinese ports should millsneed it to.