Fastmarkets has amended the base specification of its index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, to align with the specifications for high-grade sinter fines in the CFR Qingdao market.

The differential, dated October 31, is based on the simple mathematical average of the Fastmarkets’ high-grade iron ore silica value-in-use (MB-IRO-0192) as the sole input for the October 3-31 period inclusive, and is effective for use on and after November 3. The one-time differential is $(0.21) per tonne. It is intended to represent Fastmarkets’ reasonable assessment of the […]

Fastmarkets launches MB-IRO-0193 Iron ore 62% Australia-origin lump ore premium, cfr Qingdao, US cents/dry metric tonne unit (dmtu) on Tuesday October 21.

Iron ore is now the new pawn in international geopolitics, with China now pushing yuan-based payments for imported iron ore

Fastmarkets will publish a one-time differential after 5.30pm Singapore time on Friday October 31, that may be used to adjust the 65% Fe iron ore fines derivative and other contracts which settle against its iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne (MB-IRO-0009) on the Singapore Exchange.

After an extended consultation, which closed on Friday September 27, Fastmarkets has amended the base Fe specification and changed the names of its iron ore 62% Fe fines, fot Qingdao indices, changing the names to “iron ore 61% Fe”. The new specifications would be as follows, with amendments in italics: MB-IRO-0011 Iron ore 61% Fe fines, fot […]

The price and laycan of a fixed-price Pilbara Blend fines transaction concluded on a public platform were erroneously recorded in the trade log in these indices’ rationale. The trade log entry has been corrected as follows:Rio Tinto, Beijing Iron Trading Center (COREX), 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $103.70 per tonne, […]

Boston Metal is pioneering carbon-free steel production through its molten-oxide electrolysis technology, securing key partnerships and demonstrating industrial milestones in Brazil, Finland and the US. The company’s progress in anode durability and scalability positions it at the forefront of green steel innovation.

Given the prevailing specifications of mid-grade iron ore fines and mid-grade Australia lump in the seaborne spot market, Fastmarkets proposes to launch the index to track and reflect the spot price of 60-63% Fe iron ore lump over the spot price of 61% Fe iron ore fines in the CFR Qingdao spot market, aligning with […]

Fastmarkets proposes to amend the specifications of its iron ore 62% Fe fines, fot Qingdao indices to align with the specifications for mid-grade sinter fines in China’s portside market.