PRICING NOTICE: Update on proposal to amend specification of Metal Bulletin 62% Fe Iron Ore Index

Following a two-month consultation period, Fastmarkets MB will implement the proposed specification changes to Metal Bulletin 62% Fe Iron Ore Index (MBIOI-62) from October 1.

On July 12, a proposal was made to refine the MBIOI-62 to provide a clearer reflection of the mid-grade market, removing direct influence from data pertaining to other grade brackets. The proposal was to narrow the MBIOI-62 specification range to include only products with iron content between 60% and 63.5%, as opposed to its existing range of 56% to 66%. No change was proposed to the base specification of the index, to which...


Peter Hannah

October 02, 2018

08:00 GMT