August 2018 | Steel Raw Materials
The fines benchmark slides further down while pellets spike: Iron Ore Market Analysis
The rising price divergence between different grades and qualities of iron ore has intensified.
The iron ore fines index has fallen the past two weeks while pellet prices have surged. Metal Bulletins 62% Fe fines index cfr China fell 1.0% and averaged $66.82 per tonne on the week ending Friday August 24. Pellet prices, however, increased 6.6% over the same period and averaged $158.93 per tonne on the week ending Friday. The first chart includes the first 24 days of August and shows that Metal Bulletins 62% Fe fines index cfr Qingdao...
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