The trade log in the rationale incorrectly identified an offer as a trade. The trade log has been corrected to: Vale, COREX, 170,000 tonnes of 62% Fe Brazilian Blend fines, offered at the June average of Fastmarkets’ 62% Fe low-alumina fines plus a premium of $1 per tonne, laycan May 18-27 (fixed-price equivalent calculated at […]

The publication of Fastmarkets’ iron ore DR-grade pellet premium, quarterly contract was delayed due to a reporter’s error. Fastmarkets’ pricing database has been updated. The MB-IRO-0077 Iron ore DR-grade pellet premium, quarterly contract was published on Wednesday April 2 – the second working day of the quarter, while usually it is published on the first […]

MB-IRO-0008 Iron ore 62% Fe fines, cfr QingdaoMB-IRO-0144 62% Fe low-alumina fines, cfr QingdaoMB-IRO-0009 Iron ore 65% Fe Brazil-origin fines, cfr QingdaoMB-IRO-0017 Iron ore 58% Fe fines high-grade premium index, cfr QingdaoMB-IRO-0015 Iron ore 58% Fe fines, cfr QingdaoMB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr QingdaoThese prices are part of the Fastmarkets’ steelmaking raw […]

Fastmarkets has corrected its MB-IRO-0188 - Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 - Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.

The prices subject to this annual review are as follows:MB-IRO-0016 Iron ore 58% Fe fines high-grade premium, cfr QingdaoMB-IRO-0017 Iron ore 58% Fe fines high-grade premium index, cfr QingdaoMB-IRO-0015 Iron ore 58% Fe fines, cfr QingdaoMB-IRO-0021 Iron ore 62% Fe fines, % Al2O3 VIU, cfr QingdaoMB-IRO-0018 Iron ore 62% Fe fines, % Fe VIU, cfr QingdaoMB-IRO-0020 Iron ore 62% Fe fines, […]

Iron ore markets face major shifts as an oversupply looms in 2025, driven by weak demand from Chinese steel mills and changing pricing trends. Key players like Vale and Rio Tinto are tackling challenges such as fluctuating shipments, blending practices in China, and a competitive global market.

Major Asian steelmakers have been striving to develop decarbonization technologies for the current blast furnace-basic oxygen furnace (BF-BOF) steelmaking, given the global green steel production drive and large number of existing blast furnaces built in recent years.

The demand for high-grade iron ore in 2024 is expected to remain weak due to constrained steelmaking margins, oversupply, and high port inventories.

Fastmarkets’ iron ore DR-grade pellet premium indicator was published earlier than scheduled due to an error on Wednesday December 11.

Jinnan Iron & Steel Group is the latest company to join the push to expand China's steelmaking footprint in the Middle East and is working with Brazil's Vale to establish an iron ore concentration plant at the Sohar Port and Freezone in Oman, Fastmarkets understands.