PRICING NOTICE: Correction to Iron Ore 62% Fe Pilbara Blend Fines Differential, 62% Fe Pilbara Blend Fines Index

Fastmarkets has corrected its daily iron ore 62% Fe Pilbara Blend Fines Differential and 62% Fe Pilbara Blend Fines Index, which were published incorrectly on Tuesday April 6 due to a calculation error.

Fastmarkets’ daily index for 62% Fe Pilbara Blend Fines Differential (MB-IRO-0076) and 62% Fe Pilbara Blend Fines index (MB-IRO-0114) should have been $-1.16 per tonne and $169.74 per tonne respectively on Tuesday, instead of $-1.95 per tonne and $168.95 per tonne as had been previously published.

Fastmarkets’ pricing database, MInD, has been updated to reflect this change.

For more information or to provide feedback on this correction notice 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 ore.’

To see all Fastmarkets’ pricing methodology and specification documents, go to www.metalbulletin.com/prices/pricing-methodology.

What to read next
Fastmarkets is clarifying recent changes to its germanium dioxide price assessments and the reintroduction of the assessment of the price for MB-GER-0001 germanium dioxide, in-whs China, $ per kg, following market feedback.
Fastmarkets will reintroduce its MB-GER-0001 Germanium dioxide, in-whs China, price assessment on Friday May 24 after it was discontinued on May 10.
Fastmarkets invited feedback from the industry on the pricing methodology for its MB-STE-0185 steel cold-rolled coil, fob mill US, $/cwt; MB-STE-0186 steel hot-dipped galvanized coil (cold-rolled base), fob mill US, $/cwt; and MB-STE-0172 steel cut-to-length plate carbon grade, fob mill US, $/cwt between April 10 and May 10, 2024. This consultation was done as part of our published annual methodology review process.
Fastmarkets confirms the amendment of five of its steel products assessments and steel billet index originated from the Black Sea.
Fastmarkets is launching a US green steel differential to hot-rolled coil and an accompanying US green steel base price. The launch is targeting growing interest from the auto sector and elsewhere in a low-carbon-emission HRC option. It complements differentials and base prices in Europe and Asia.
For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Pellet Nordic Index” in the subject line of the email.