Correction to rationale of Iron ore 61% and 62% Fe low-alumina fines, CFR Qingdao: pricing notice

The rationales for the two indices were not in the appropriate sections and a discard judgement was omitted. 

The rationales have been corrected as follows:

Pricing rationale for MB-IRO-0191 on 06 Feb 2026
Fastmarkets’ index for iron ore 61% Fe fines, CFR Qingdao fell by $1.36 per tonne from the previous day. The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. For the calculation of the 61% Fe index, judgement was applied to carry over data in today’s indices due to low liquidity in the 24-hour pricing window, corresponding with published fallback measures. Judgement applied to discard indications that are at a considerable distance from consensus of other participants’ indications of tradeable level. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.

Market participants’ indications Fastmarkets’ index for iron ore 61% Fe fines CFR Qingdao
Pilbara Blend fines: $98.81-99.60 per tonne
Brazilian Blend fines: $102.50-103.99 per tonne
Newman fines: $93.91-95.11 per tonne
Mac fines: $94.81-96.11 per tonne
Jimblebar fines: $81.11-84.11 per tonne

Trades/offers/bids heard in the market
No visible activity

Pricing rationale for MB-IRO-0144 on 06 Feb 2026
Fastmarkets’ index for iron ore 62% Fe Low Alumina fines, CFR Qingdao fell by $1.32 per tonne from the previous day. The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. For the calculation of the 62% Fe Low Alumina index, judgement was applied to carry over data in today’s indices due to low liquidity in the 24-hour pricing window, corresponding with published fallback measures. Judgement applied to discard indications that are at a considerable distance from consensus of other participants’ indications of tradeable level. Judgement was also applied to discard data points that pertained to brands whose normalization coefficient is deemed to have misaligned since last update – a new coefficient will be calculated for this product at the time of next update. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.

Market participants’ indications Fastmarkets’ index for iron ore 62% Fe-LA fines CFR Qingdao
Brazilian Blend fines: $102.50-103.99 per tonne

Trades/offers/bids heard in the market
No visible activity

The published price is unaffected by this error.

This price is 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 and steelrawmaterials@fastmarkets.com. Please add the subject heading “FAO Adele Pan, re: iron ore 61% and 62%LA Fe 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 the Fastmarkets methodology page.