Dear Members,

According to the member’s requirement, COREX will add one index for floating price and one floating price-lump calculation formula from July 26, 2024 (Friday), as listed below:

1.PMB Index: (Platts Index+ MBIO Index)/2: 62%

2.Floating Price-Lump Calculation Formula

Please refer to Measures for the Implementation of Iron Ore Floating-Priced Trading in Beijing Iron Ore Trading Center for details which will be revised and effective simultaneously.

Hereby Informed.

Beijing Iron Ore Trading Center Corporation

July 25, 2024