Brazil's Vale raises Q1 2022 iron ore pellet premiums

Brazilian iron ore major Vale has hiked its premiums for blast furnace (BF) and direct-reduced (DR) iron ore pellet for the first quarter of 2022.

It settled its first-quarter BF pellet premium at $55 per tonne, an increase of $8 per tonne from the last settlement of $47 per tonne, sources told Fastmarkets.
 
And it settled its first-quarter DR pellet premium at $58 per tonne, a similar increase from the last quarter.
The premiums are applied in addition to Fastmarkets’ 65% Fe Brazil-origin iron ore fines index.

Fastmarkets' index for iron ore pellet premium over 65%...

Published

Paul Lim

Alex Theo

December 06, 2021

13:05 GMT

Singapore