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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.