Iron ore – premiums seen rising for high-quality magnetite as Chinese blast furnaces shun lower quality feedstock
- Headline prices for standard iron ore are falling due to a shift by blast furnaces to focus on higher-grade and cleaner feedstock
- Chinese steel producers are producing record tonnages of steel driven by better utilisation of blast furnace capacity through use of higher-grade magnetite
- Premiums for super-high grade Direct Reduction pellets with low phosphorous content are said to have risen dramatically.
- Pellet prices grading 65% are quoted at $127/t CFR Qingdao China vs $70/t for 62% iron ore concentrate. Higher-grade iron ore 66% concentrate is currently selling for $93/t
Iron ore – premiums seen rising for high-quality magnetite as...
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