All about the MB iron ore index.

The article discusses the iron ore index which was developed by the "Metal Bulletin" in the U.S. It states that the index was an accurate representation of the seaborne merchant market for sinter fines transported to China. The index was established upon actual reported transactions by participants who conducted trades on a spot basis. Sub-indeces are created based on data from producers, traders and consumers but only the final index gets to be published.