Weak steel demand globally continued to put pressure on the direct-reduced (DR) iron pellet market, with suppliers and buyers still unable to agree a premium for the second quarter.
Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, was $30 per tonne on Thursday April 30, unchanged month on month."We have not reached any agreement with suppliers, so the premium remains at $31 per tonne, like it was in the first quarter. But we will renegotiate it downward, because we can't...