The direct-reduced (DR) iron pellet market is under pressure due to depressed steel demand resulting from global Covid-19 quarantine measures, while negotiations on the premium for second-quarter shipments continue.
Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, was at $30 per tonne on Tuesday March 31, down by $1 from $31 per tonne on February 28.While reports in the market indciated that suppliers were intending to at least maintain the premium...