- In October 2023, Metso introduced a hydrogen-powered version of its Ferroflame LowNox burner for pelletizing plants. This innovation aims to reduce carbon emissions in iron ore pellet production by utilizing hydrogen, marking the first of its kind for use in travelling grate pelletizing plants
- In February 2023, Fastmarkets launched two daily indices to track the spot price of high-grade 67.5% Fe pellet feed products on a CFR China basis. These indices include a premium index and an outright price index, aimed at providing a transparent reference for pricing and settling high-grade pellet feed transactions
- In December 2022, Fastmarkets launched a new weekly indicator for DR-grade iron ore pellet premiums, designed to provide insights into market sentiment and theoretical pricing. This indicator, published every Wednesday, offers a reference for premiums in long-term contracts, with the base price tied to 65% Fe Brazil-origin fines
- In April 2022, Metso Outotec secured an order to supply a compact-sized iron ore pellet plant in India. This plant, designed to meet growing steel demand, will feature Metso's innovative pelletizing technology aimed at improving productivity and sustainability in pellet production.
- In March 2023, Vale announced plans to sell its IOCJ (Iron Ore Concentrate and Pellet Feed) as pellet feed to focus more on higher-value products. This move aims to enhance its competitiveness in the iron ore market by targeting higher-grade pellet feed products
Frequently Asked Questions
Companies such as Vale (Brazil), Mitsubishi Corporation RtM Japan Ltd (Japan), Cleveland-Cliffs Inc (U.S.), United States Steel Corporation. (U.S.), and ARCELORMITTAL (Luxembourg) are the major companies in the iron ore pellets market.
In February 2023, Fastmarkets launched two daily indices to track the spot price of high-grade 67.5% Fe pellet feed products on a CFR China basis. These indices include a premium index and an outright price index, aimed at providing a transparent reference for pricing and settling high-grade pellet feed transactions.
The countries covered in the Iron Ore Pellets market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
