The publication of Fastmarkets’ MB-IRO-0186 iron ore DR grade pellet premium indicator for Wednesday June 12 was delayed due to an error in the review process.

A “special action plan for carbon reduction” unveiled by China's National Development & Reform Commission (NDRC) will reduce the need for coking coal and iron ore by focusing on upgrading existing equipment and the switch to electric-arc furnaces, sources told Fastmarkets this week

Fastmarkets has corrected its MB-IRO-0190 Iron ore spot 67.5% Fe magnetite-hematite pellet feed price differential, cfr Qingdao, $/tonne, which was published incorrectly on Monday May 13.

The iron ore market is expected to diverge into two segments in line with the steelmaking industry’s march toward reducing carbon emissions, Fastmarkets learned at the 2024 Singapore Iron Ore Forum (SIOF) on Tuesday May 7

The Chinese government has set a 5% target for growth of the country’s gross domestic product (GDP) in 2024, compared with the increase of 5.2% in 2023, according to a Government Work Report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing

Premiums for direct-reduced (DR) iron ore pellet from Brazil are expected to move lower in the second quarter of the year in response to weaker demand from major importers amid increasing inventory, sources told Fastmarkets

Fastmarkets is inviting feedback from the industry on the pricing methodology for its iron ore indices, as part of its announced annual methodology review process.

Trading activity for pellet feed imported into China increased in the week to Friday January 19, with more tenders from Australia. The pellet feed premium, however, continued to face downward pressure from uncertain demand outlook among market participants, sources told Fastmarkets

Fastmarkets will, on Monday January 22, launch a daily price index for the spot premium differential between 67.5% Fe magnetite and hematite iron ore pellet feed above the 65% Fe Fines index.

These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China's real estate sector