Iron ore pellet premiums are expected to rise in 2018, reflecting agreements with customers and strong demand for high-quality pellets, Ukraine-focused iron ore producer Ferrexpo said on Wednesday March 21.
"In 2018, we expect further rationalization of steel capacity in China, which should support global steel margins, and in turn encourage a continued focus on iron-making productivity," Ferrexpo non-executive chairman Steve Lucas said."These dynamics, together with a continued focus by Chinese authorities on the environment and a reduction in air emissions, should provide a favorable setting for iron ore pellets," he added.Ferrexpo expects its iron ore pellet production output in the first half of 2018 to remain in line with its production in the first half of...