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The fixed-price equivalent in the trade log in these indices’ rationale was missed.
The trade log entry has been corrected as follows:
Vale, COREX, 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at the July average of Fastmarkets’ 62% Fe low-alumina fines plus a premium of $0.40 per tonne, laycan July 17-26 (fixed-price equivalent calculated at $94.15 per tonne CFR China).
The published prices are unaffected by this error.
These prices are part of the Fastmarkets steelmaking raw materials package.
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 indices, please contact pricing@fastmarkets.com. Please add the subject heading “FAO Alice Li, re: iron ore 61%, 62% and 62% Fe low-alumina price.”
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.