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Final decision on open consultation on methodology review for Fastmarkets’ iron ore 61% Fe fines index specifications: pricing notice

Fastmarkets invited feedback from the industry on the pricing methodology for its iron ore 61% Fe fines index specifications via an open consultation process between July 10-August 9, 2025. This consultation was done following recent changes in the quality of mid-grade fines commonly traded in the CFR Qingdao market.

August 19, 2025
By Fastmarkets pricing team
Iron ore Pricing consultations Pricing notice Steel raw materials Steel Raw Materials Physical Prices

Based on feedback received, Fastmarkets will maintain the current iron ore 61% Fe fines specifications to preserve consistency in face of evolving mid-grade fines quality. This decision will have no material impact on pricing.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

You can find the current methodology for iron ore 61% Fe fines, cfr Qingdao here https://www.fastmarkets.com/methodology.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

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