OREANDA-NEWS. October 03, 2011. With a view to enhance the steel insiders' hold on iron ore pricing trend, Hwabao Securities organized Platts Iron Ore Index Symposium, reported the press-centre of Baosteel.

Platts Asia Business Development's senior director David Hanna, editor in chief of Metal Division Chen Liming and Metal Price Assessment Methodology R&D director Franks Brownnie were invited to deliver the reports such as "Iron ore price assessment methodology" and "Iron ore pricing evolution: methodology, price and market development retrospection".

With over 100 years' history of engagement in information service of bulk commodity, Platts is the largest energy information provider in the world. Now Platts energy information evaluation system has been adopted by BHP Billiton. And Platts Index has bee selected by the 3 major miners as the main basis for pricing of quarterly contracts and become the standard for global iron ore pricing index.