Decision to suspend amendment of Fastmarkets’ iron ore 62% Fe fines index name, specifications

Fastmarkets has decided not to proceed with the proposed amendment to the name and specifications of the MB-IRO-0008 iron ore 62% Fe fines cfr Qingdao index.

Fastmarkets has decided not to proceed with the proposed amendment to the name and specifications of the MB-IRO-0008 iron ore 62% Fe fines cfr Qingdao index.

After a consultation period, Fastmarkets has determined that current circumstances do not make the proposed amendments to the index viable.

Fastmarkets reserves the right to start a fresh consultation on amending the index in future should circumstances change.

To provide feedback on this decision not to amend the Iron ore 62% Fe fines index, cfr Qingdao, please contact Alice Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Alice Li, re: iron ore 62% Fe fines.”

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.

What to read next
Fastmarkets discontinued its weekly price assessments for AG-TLW-0028 Category 3 bone fat, high grade, 5% ffa, 98%, max 200 ppm polyethylene, ddp Northwest Europe and AG-TLW-0029 Category 3 pure beef tallow, 10% ffa, 99%, ddp Northwest Europe on Friday March 20.
Fastmarkets has corrected its copper concentrates treatment and refinement charge indices, which were published incorrectly on March 20 2026 due to a technical error.
Technological advances, policy support and downstream decarbonization efforts are accelerating the shift toward lower-emission ferro-alloys in China. The industry, however, continues to grapple with the challenge of securing price premiums for green materials despite significant investments in new smelting technologies and sustainable supply chains.
Fastmarkets launched three new rare earth prices on Thursday March 19 to cover the global market outside of China to improve transparency in the rare earths magnet supply chain.
Fastmarkets has corrected its copper concentrates treatment and refinement charge indices, which were published incorrectly on February 27 2026 due to a backend calculation error. Fastmarkets has also corrected the indices' rationale and all related inferred indices.
The following India steel prices were published on March 20 after a one-day delay: MB-STE-0434 Steel hot-dipped galvanized coil domestic, ex-whse India, rupees/tonneMB-STE-0435 Steel cold-rolled coil domestic, ex-whse India, rupees/tonneMB-STE-0436 Steel hot-rolled coil domestic, ex-whse India, rupees/tonneMB-STE-0437 Steel heavy plate domestic, ex-whse India, rupees/tonneMB-STE-0439 Steel heavy plate 12-40mm export, fob main port India, $/tonneMB-STE-0440 Steel billet export, fob main port India, […]