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The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, 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.
The prices subject to this annual review are as follows:
MB-IRO-0191 Iron ore 61% Fe fines, cfr Qingdao, $/dmt
MB-IRO-0008 Iron ore 62% Fe fines, cfr Qingdao, $/dmt
MB-IRO-0144 Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/dmt
MB-IRO-0009 Iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/dmt
MB-IRO-0193 Iron ore 62% Australia-origin lump ore premium, cfr Qingdao, US cents/dmtuMB-IRO-0187 Iron ore 67.5% Fe pellet feed premium, cfr Qingdao, $/dmt
MB-IRO-0188 Iron ore 67.5% Fe pellet feed, cfr Qingdao, $/dmt
MB-COA-0003 Premium hard coking coal, fob eastern Australia, $/wmt
To provide feedback on the annual review of the above-listed prices, please contact pricing@fastmarkets.com and steelrawmaterials@fastmarkets.com. Please add the subject heading “FAO: Norman Fong/Bella Cheng, re: audited steelmaking raw materials IOSCO methodologies.”
Fastmarkets will publish the outcome of this annual review by March 12 including a summary of the feedback — with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.
To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.