65% Fe blast furnace pellet, cfr Qingdao: $168.35 per tonne, up $2.25 per tonne. Iron ore pellet premium over 65% Fe fines, cfr China: $49.70 per tonne, down $0.70 per tonne. Key drivers. Several market participants told Fastmarkets they believed the higher prices for high-grade concentrate and pellet were prompted by price gains in the high
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WhatsAppGet PriceGet A Quotemills that utilize this process also have auxiliary operations in the form of coke and sinter/pellet plants. According to the American Iron and Steel Institute, coke is the most important raw material fed into the blast furnace (Valia, 2015). It is used to reduce iron ore to iron. High quality coal is heated in an oxygen-
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WhatsAppGet PriceGet A QuoteBy Alex Theo. Iron ore. Of the total, 2.7 million tonnes were 65% Fe Ferrexpo Premium pellets and 35,000 tonnes 67% Fe Direct Reduction (DR) pellets. The January-March production figure was just 0.4% shy of 2020’s first-quarter total of 2.73 million tonnes, but was down by 12% from the 3.08 million tonnes produced in the fourth quarter of 2020.
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WhatsAppGet PriceGet A QuoteThe month-to-date Fastmarkets’ index for iron ore 65% Fe blast furnace pellet, cfr Qingdao is at $166.92 per tonne, down $19.32 per tonne, or 10.4%, from $186.24 per tonne in October. The primary driver for the weaker demand for the direct-charge raw materials was the narrowing margins steel mills were observing because of lower steel prices
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WhatsAppGet PriceGet A QuoteThe global iron ore pellets market size was valued at USD 47.63 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027. Expanding steel production in developing economies of Asia Pacific, such as India, China, and Vietnam, is a crucial factor expected to fuel market growth over the coming years
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WhatsAppGet PriceGet A QuoteVale said in a emailed statement that direct reduction premiums had been settled at $46.30/dry mt for Q1, based on premiums applied above 65% Fe fines. This is up from a $24/dmt premium for DR pellets for Q4 2020, which Vale announced in September. Vale said it settled blast furnace pellet premiums at $40/dmt for Q1, also on top of 65% Fe fines.
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