Delayed publication of Iron ore Value-In-Use indices: pricing notice

The publication of Fastmarkets' Value-In-Use (VIU) indices for January 6, 2026 were delayed due to a reporter error.

Fastmarkets’ pricing database has been updated.

The following prices were published with a delay of 1 day:

MB-IRO-0018, Iron ore 61% Fe fines, % Fe VIU, cfr Qingdao, $/dmt
MB-IRO-0019, Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao, $/dmt
MB-IRO-0020, Iron ore fines, % Si VIU, cfr Qingdao, $/dmt
MB-IRO-0021, Iron ore fines, % Al2O3 VIU, cfr Qingdao, $/dmt
MB-IRO-0024, Iron ore fines, 0.01% P VIU, cfr Qingdao, $/dmt

These prices are a part of the Fastmarkets steel raw materials package.

For more information or to provide feedback on the delayed publication of these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and steelrawmaterials@fastmarkets.com.Please add the subject heading “re: Iron ore VIU indices.”

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.

What to read next
The sharp rise in demand for lithium is outpacing the growth of an independent US supply chain, Ian Rodger, chief executive officer of lithium development company US Elemental, told Fastmarkets in an exclusive interview on Wednesday June 3.
Chinese zinc smelters expressed concerns of possible production cuts amid fierce competition for concentrates raw materials, as treatment charges (TCs) have dropped to historic lows at the end of May, though byproduct gains from sulfuric acid have still lent strong support to smelters’ margins, sources told Fastmarkets.
Fastmarkets has corrected the rationale for its MB-MNO-0002 manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, which was published incorrectly on Friday June 5 due to incorrect source data.
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging Europe indices via an open consultation process between May 7 and June 8, 2026. This consultation was done as part of our published annual methodology review process.
A United Auto Workers (UAW) strike at the American Axle factory in Three Rivers, Michigan, that began on Monday June 1 could lead to reduced demand for automotive steel if not resolved quickly, but analysts disagree on whether it will ultimately have a significant impact.
The MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $ per dmtu was published in error as $4.75 per dry metric tonne unit. It has been corrected to $4.74 per dmtu. The rationale for the same index on the same date was also updated to reflect this change. It erroneously stated that “Fastmarkets’ manganese ore semi-carbonate […]