I notice that FMG's product discount (vs Platts 62% Fe) has increased to 29% in FY2018 Q1 and AGO's has also increased to 29% in same period. GRR on other has seen its price premium increase to 49% in same period There appears to be a very strong move by steel mills to prefer high grade IO & pellets. It reduces the steel making cost & pollution. Long may it continue.
Ann: GRR - Quarterly Report for 3 months ended 30 September 2017, page-40
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