EXCLUSIVE: Vale raises Q3 iron ore pellet premiums beyond expectations

Brazilian miner Vale has raised its premiums for blast furnace (BF) and direct-reduced (DR) iron ore pellets for the third quarter of 2021 by a margin even bigger than the market expected, Fastmarkets has learned.

The company is the world’s largest supplier of iron ore pellets and the trendsetter in the global market.
Vale settled its BF pellet premium for the third quarter of 2021 at $62 per tonne, Fastmarkets was told. This compared with a premium of $52 per tonne in the second quarter.

The company set a DR pellet premium of $70 per tonne for the third quarter...


Marina Shulga

June 04, 2021

13:38 GMT