Correction to iron ore 67.5% Fe pellet feed, iron ore 65% Fe concentrate indices on March 19: pricing notice

Fastmarkets has corrected its MB-IRO-0188 - Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 - Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.

Fastmarkets’ MB-IRO-0188 – Iron ore 67.5% Fe pellet feed, cfr Qingdao, $/tonne was published in error as $5.78 per tonne on March 19. It has now been corrected to $119.28 per tonne.

And Fastmarkets’ MB-IRO-0013 – Iron ore 65% Fe concentrate, cfr Qingdao, $/tonne was published in error as $(4.80) per tonne. It has now been corrected to $108.7 per tonne.

Fastmarkets’ pricing database has been updated to reflect these changes.

These prices are a part of the Fastmarkets iron ore package.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to these indices, please contact Alice Li by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Alice Li re: Iron ore pellet feed and concentrates indices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]