Q4 iron ore DR pellet premium stable; Q1 growth expected - sources

No changes were reported in the premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020, although sources told Fastmarkets they expect growth in the first quarter of 2021 on strong demand.

Fastmarkets’ iron ore DR-grade pellet premium to 65% Fe fines index, Middle East reference was $24 per tonne on Monday November 30, unchanged month on month.

Fastmarkets’ index for iron ore, 65% Fe Brazil-origin fines, cfr Qingdao - which has been used as the base for DR pellet premium contracts since 2019 - averaged $136.23 per tonne in November, up by $3.33...


Marina Shulga

December 01, 2020

17:34 GMT