Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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March 2018 | Steel Raw Materials


Fines benchmark slides to 5-week low: Iron Ore Market Analysis


Pellet prices remain firm in a market which is relatively tight compared to fines.

The iron ore market has become more bearish. Prices fell for all iron ore product types for the first time in five weeks. Metal Bulletin’s 62% Fe fines index saw the harshest week-on-week drop in six months as it tumbled to the lowest since early February, settling at $74.45 per tonne on average the week ending Friday March 9. Metal Bulletin’s 65% pellet index also fell week on week, sliding down to $117.91 per tonne, which is a three-month low. On Monday March 12, the fines index even dipped below $70 per tonne for the first time...

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