May 2020

PRICING NOTICE: Proposal to amend Fastmarkets’ 66% Fe iron ore concentrate index specifications

Fastmarkets proposes removing the undersize maximum specification of its index for iron ore 66% Fe iron ore concentrate, cfr Qingdao, $/tonne [MB-IRO-0013].

PRICING NOTICE: Proposal to discontinue iron ore implied pellet premium to 62% Fe fines

Fastmarkets proposes to discontinue its iron ore implied pellet premium over 62% Fe fines, cfr Qingdao, $/tonne [MB-IRO-0080].

PRICING NOTICE: Proposal to amend cut-off time for inclusion of data in Fastmarkets’ iron ore indices

Fastmarkets proposes to bring forward its cut-off time for data inclusion in all iron ore indices from 6.15pm to 6pm Singapore time on the stated day of publication. This would apply to its daily as well as weekly indices.

Weak demand for steel keeps DR pellet market under pressure; still no agreement on Q2 premium

Weak steel demand globally continued to put pressure on the direct-reduced (DR) iron pellet market, with suppliers and buyers still unable to agree a premium for the second quarter.