PRICING NOTICE: Amendment to Fastmarkets’ 66% Fe iron ore concentrate index specifications

After a consultation period, Fastmarkets has amended the sizing specification of its index for iron ore 66% Fe iron ore concentrate, cfr Qingdao, $/tonne [MB-IRO-0013].

From June 5, Fastmarkets will no longer have an undersize maximum specification for its index for iron ore 66% Fe iron ore concentrate, cfr Qingdao, $/tonne [MB-IRO-0013].

Feedback received from industry participants was supportive of the changes suggested in the proposal. No participants communicated any feedback in opposition to the changes.

The previous sizing specifications of this index were:

Maximum Size >80% <0.15mm. Undersize maximum 20%<0.05mm

The amended specification removes the undersize maximum to leave just the “Maximum Size >80% <0.15mm” limit. This amendment removes any technical limitation for the inclusion of ultra-fine material in this index.

All other chemical and physical specification details outside of the removal of this undersize maximum remain unchanged.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Peter Hannah by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Peter Hannah, re: Iron Ore 66% Fe Concentrate.”


To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments, as part of its announced annual methodology review process.
This consultation, which is open until May 16, 2024, seeks to ensure that our methodologies continue to reflect the physical graphic paper market, 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. Fastmarkets FOEX […]
Fastmarkets launches MB-STE-0914 steel coil 55% Al-Zn coated steel import, South Korean-made, ddp Gulf Ports, and MB-STE-0915 steel coil 55% Al-Zn coated steel import, non-South Korean-made, ddp Gulf Ports on Tuesday April 16.