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

Fastmarkets has corrected the rationale for its MB-IRO-0008 Iron ore 62% Fe fines, CFR Qingdao and MB-IRO-0144 Iron ore 62% Fe low-alumina fines, CFR Qingdao prices, which were published incorrectly on Thursday April 3.

April 3, 2025
By Shu Yi Zheng
Iron ore Pricing notice

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 $101.54 per tonne CFR China)

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 this price, please contact Zheng Shuyi by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Zheng Shuyi, re: iron ore 62% Fe and 62% Fe low-alumina prices.”

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.

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