BF pellet premiums to fines falling for 2016 tons

摘要

Initial deals talked about this week forblast furnace iron ore pellets delivered underlong-term contracts indicate declines intothe mid $20s/dry mt range for premiums overbenchmark fines.This is despite the loss of around 12 millionmt/year of blast furnace pellet supply fromSamarco, with buyers seemingly discountingvolumes coming back for the foreseeablefuture and some agreeing on material fromother suppliers, ensuring market share whenalternate pellet feed prices are low.