19
Jan
00:00
Lower iron ore prices seen hitting Ferrexpo earnings, but pellet premium provides benefit
The expected stabilisation of iron ore prices at $80/tonne in the long-term, below the 2014 average of $97/t, will negatively impact the earnings of Ukraine’s Ferrexpo. However, as a pellet producer, Ferrexpo will continue to benefit from a quality premium for its higher grade pellets over 62% Fe iron ore, which has widened over the past six months, according to credit rating agency Fitch.
In December, 62% Fe iron ore prices averaged $69/t, down 50% ye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous