EXCLUSIVE: Vale settles Q4 DR pellet premium lower than Q3; keeps BF pellet premium steady

The benchmark premium for blast furnace (BF) iron ore pellet for the fourth quarter of 2020 is level with the previous quarter, while the premium for direct-reduced (DR) pellet fell, according to trade sources.

Vale has concluded its negotiations with buyers and settled the 2020 fourth-quarter DR pellet premium at $24 per tonne, down 11.1% from $27 per tonne in the previous quarter.


Alex Theo

September 04, 2020

10:04 GMT