DR pellet buyers remain bearish in continued negotiations for Q4

Negotiations for fourth-quarter of direct-reduced (DR) iron pellet shipments are continuing, with some bearish buyers not yet agreeing to the premium.

Fastmarkets iron ore DR-grade pellet premium, Middle East reference remained at $39 per tonne on Friday November 29, unchanged from October 31.

Fastmarkets’ index for iron ore 65% Fe, Brazil-origin fines, cfr Qingdao, which is used as the basis for pellet premium contracts, averaged $96.1 per...


Marina Shulga

December 02, 2019

11:25 GMT