Strong pellet demand to remain in 2019, LKAB says

Swedish iron-ore pellet producer LKAB expects continued strong demand for iron ore pellets for the remainder of 2019, it said on Thursday April 25.

“Prices for iron ore with a high iron content and for highly upgraded iron ore [products], such as LKAB’s iron ore pellets, are at the same time continuing to increase, relative to iron ore with a lower iron content,” LKAB said. Fastmarkets’ MB 65% Fe Brazilian fines index averaged $95.24 per dry metric tonne (dmt) cfr Qingdao in the first quarter or 2019, while it was $91.57 per dmt cfr in the fourth quarter of 2018. Fastmarkets’...

Published

Viral Shah

April 25, 2019

17:20 GMT

London