Viewpoint > Datadigger

The premium iron ore story

The second major pull-back in the iron ore price currently underway in 2017 belies a changing industry with steel producers actively sourcing high-grade ore and pellets, as the view of analysts increasingly suggests the current benchmark doesn't tell the full story.

Dan Petrie*

Viewpoint > Datadigger

The premium iron ore story

The second major pull-back in the iron ore price currently underway in 2017 belies a changing industry with steel producers actively sourcing high-grade ore and pellets, as the view of analysts increasingly suggests the current benchmark doesn't tell the full story.

Dan Petrie*

The premium iron ore story

Miners have down well to lower costs as prices have retreated

Source: Mining Journal, October 2017

The often quoted 62% Fe CFR China benchmark, which came into being in 2008, is an indicative measure of price as opposed to the contracted terms many producers operate under and the type of ore produced.