The premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020 was $24 per tonne, as was agreed in early September, with solid demand reported in the Middle East-North Africa (Mena) region.
Fastmarkets' iron ore DR-grade pellet premium to 65% Fe fines index, Middle East reference, was $24 per tonne on Friday October 30, unchanged month on month.Fastmarkets' index for iron ore, 65% Fe Brazil-origin fines, cfr Qingdao, which has been used as the base for DR pellet premium contracts since 2019, averaged $132.90 per tonne in October. That was down by $3.60 per tonne from an average of $136.50 per tonne in...