Decision to suspend amendment of Iron ore 62.5% Fe Australia-origin lump ore premium, cfr Qingdao: pricing notice

Fastmarkets has decided not to proceed with the proposed amendment of the name and base specifications of its index for MB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr Qingdao.

June 2, 2025

By Norman Fong

Iron ore Pricing notice Steel raw materials Steel Raw Materials Physical Prices

After a consultation period, which started on April 29, Fastmarkets has determined that current circumstances do not make the amendment to the MB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr Qingdao viable.

Fastmarkets reserves the right to start a fresh consultation on amending the price in future should circumstances change.

To provide feedback on this decision not to amend the index of MB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr Qingdao, please contact Norman Fong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: [Norman Fong re: [62.5% Fe Australia-origin lump ore premium].”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

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