April 2018 | Steel Raw Materials
Fines index stabilizes and pellet premium stays firm: Iron Ore Market Analysis
The pellet premium has come down from historic highs, but prices still remain relatively firm.
The iron ore benchmark remained stable last week after a five-week-long tumble. Metal Bulletins 62% Fe fines index was up 1% on the week ending Friday April 13 to $64.69 per tonne on average. Prices peaked at $78.97 per tonne in the beginning of March as purchasing activity picked up after the Lunar New Year celebrations, but the uptick in demand was not significant enough to sustain price levels close to $80 per tonne. The iron ore fines index has shrunk 18% from the peak in...
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