Negotiations continue on Q3 DR pellet premium

Negotiations over premiums for direct-reduced (DR) iron ore pellet for the third quarter of 2020 are still ongoing, sources told Fastmarkets.

Vale - the largest global supplier of DR pellets - will diversify the premium depending on the tonnage a buyer will purchase during the quarter, sources told Fastmarkets. 
"We've not agreed the premium yet because normally we buy five to six cargoes per quarter, but now we need two times less," one buyer from the Middle East and North Africa said.

For purchases of five to six cargoes the premium...

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