The premium for direct-reduced (DR) iron ore pellet for the second quarter of 2020 remained provisional, and suppliers were unlikely to revise it downward retrospectively in the way that had been expected, Fastmarkets has heard.
Fastmarkets' assessment of the iron ore DR-grade pellet premium to 65% Fe fines index, Middle East reference, was $31 per tonne on Friday May 29, up by $1 per tonne 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 $109.31 per tonne in May. This was up by $8.65 per tonne from...