PRICING NOTICE: Proposal to amend specification for 65% Fe iron ore index

Fastmarkets is proposing to refine the specification of its MB 65% Fe Iron Ore Index (MBIOI-65-BZ) to align more closely with the physical market material that underpins price discovery in the sector.

This is in response to the changing typical product specification in the high-grade iron ore fines market segment. At present, the base specification for the index reflects that for sinter fines with 2.7% silica, 1.2% alumina, 0.045% phosphorus. Fastmarkets proposes that these be amended to 1.7% silica, 1.5% alumina and 0.080% phosphorus and for the upper tolerance limits for these components be removed....


Peter Hannah

November 08, 2018

05:45 GMT