Correction to Fastmarkets’ iron ore 63% Fe lump premium index

Fastmarkets has corrected its MB-IRO-0010 Iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao index, which was published incorrectly on Wednesday February 1 due to a technical error.

February 1, 2023

By pricing@fastmarkets.com

Pricing notice Steel raw materials

The iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao index was initially calculated at 12.5 cents per dry metric tonne unit on Wednesday. This has been corrected to 13.5 cents per dry metric tonne unit.

Fastmarkets’ price book and database have been updated to reflect this change.

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to these prices, please contact Shaun Tan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Shaun Tan, re: 63% Fe Australia-origin lump ore”.

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

What to read next

Discontinuation of Log Lines prices for Region 4 logs – Implementation

After a consultation period that began on February 19, 2024, and ended on March 21 2024, Fastmarkets has discontinued Region 4 log prices. The last assessment published March 2024. To provide feedback on this or if you would like to provide price information by becoming a data submitter to Log Lines, please contact William Perritt […]

April 23, 2024

·

By William Perritt

Proposal to amend specifications, names of 37% manganese ore indices: pricing notice

Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.

April 23, 2024

·

By Tina Tong

Delayed publication of lithium, iron ore, Chinese ferrous prices

The publication of Fastmarkets’ lithium, iron ore and Chinese ferrous prices for Monday April 22 were delayed because of technical issues.

April 22, 2024

·

By Justin Yang

Correction to the pricing rationale for the aluminium 6063 extrusion billet premium, ddp North Germany

Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.

April 19, 2024

·

By James McKeigue

Why China’s new 2024 steel output cut policy is altering value chain dynamics

China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity

April 19, 2024

·

By Jessica Zong

Proposal to amend export steel assessments, billet index from Black Sea

Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.

April 18, 2024

·

By Marina Shulga