Iron ore
Follow the critical developments facing the iron ore market, including iron ore market forecasts and analysis and iron ore price data
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Stronger buying appetite for pellet feed products among Chinese buyers has led to higher seaborne premiums since late July, with market participants expecting a wider price gap between high-grade pellet feed and high-grade sinter fines, sources told Fastmarkets on Friday August 25
Low margins at Chinese steelmakers so far in 2023 have boosted demand for lower-grade iron ore products, which has led to record iron ore shipments from Australia’s FMG in its financial year to June 30, sources told Fastmarkets this week
Seaborne iron ore prices fell further on Friday, July 28 due to more concerns for crude steel production cuts in China
Iron ore 65% Fe concentrate premium, cfr Qingdao, $/tonne
Iron ore 67.5% Fe pellet feed premium, cfr Qingdao, $/tonne
Iron ore 67.5% Fe pellet feed, cfr Qingdao, $/tonne
Iron ore DR-grade pellet premium indicator, $/tonne
Pig iron, import, cfr China, $/tonne
Iron ore pellet premium over 65% Fe fines, cfr China, $/tonne
Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne
Pig iron foundry grade, Brazil, fob New Orleans, $/tonne
Pig iron basic grade, Brazil, fob New Orleans, $/tonne
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