I read this today
Iron Ore Pellets
when coking coal prices surge, steelmakers try to adapt, and Macquarie observes a standard tactic is to maximise blast furnace efficiency. This can lead to increased use of iron ore pellets. At US$35/t, pellet premiums are now at the highest level since 214. At every time coking coal prices surged in 2005, 2008 and 2011 this was met with gains in pellet premiums. With Samarco still off-line for the foreseeable future and limited growth from other suppliers, further upside to pellet prices seems probable to Macquarie.
I read this today Iron Ore Pellets when coking coal prices...
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