Price Difference between Medium and Low-Grade Seaborne Iron Ore Fines May Shrink

Shipments arrivals of Brazilian IOCJ may continue to increase, and the increase in the production of domestic concentrates will also squeeze the demand for the former. It is expected that the price difference of high-grade and medium-grade products may narrow.

In addition, due to the decline in discounts for medium-grade fines in April and the stabilisation of discounts for low-grade SSF, the price difference between medium and low-grade fines may shrink.