The Metal Bulletin Iron Ore Indices
Metal Bulletin is the premier global intelligence service for metals and steel professionals. It was founded in 1913 with the mission to provide must-have timely information, including price indications, for the global metals markets. Metal Bulletin covers all global metals and steel markets and provides a comprehensive package of the latest news, pricing information, expert market commentary and statistics.
The Metal Bulletin Group, which today incorporates Metal Bulletin, Steel First and American Metal Market has been reporting on iron ore transactions since 1915 and were instrumental in the development of the annual benchmark system. Metal Bulletin has been tracking the Chinese iron ore spot market since its creation in 2004. As the market developed and liquidity increased, Metal Bulletin responded to market demands for a more robust pricing methodology, and led the development of index pricing
Metal Bulletin publishes thirteen individual iron ore indices, each representing different parts of, and values in, the iron ore market.
1. 62% Fe Fines (MBIOI-62)
2. 58% Fe Fines (MBIOI-58)
3. 58% Fe Fines High Specification Premium (MBIOI-58P)
4. 65% Fe Fines Brazilian Origin Index (MBIOI-65-BZ)
5. 63% Fe Australian Lump Premium (MBIOI-LP)
6. 65% Fe Blast Furnace Pellet (MBIOI-PT)
7. 66% Fe Concentrate (MBIOI-CO)
8. 62% Fe China Port Stock Index (MBIOI-CPS)
Five Value-in-Use Indices:
9. 62% Fe (Fe-VIU)
10. 65% Fe (65Fe-VIU)
11. % Silica (Si-VIU)
12. % Alumina (Al-VIU)
13. % Phosphorus (P-VIU)
Click here to download the latest Metal Bulletin Indices Methodology, Specification and Usage Guide
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Due to a data collection error the Metal Bulletin Iron Ore Australian 63% Fe Lump Premium Index (MBIOI-LP) was calculated incorrectly on November 30.
The correct price should have been 8.0 cents/dmtu, not unchanged at 14.5 cents/dmtu as published yesterday.
The MBIOI-LP monthly average for November is therefore 15.23 cents/dmtu.
The pricing database has been updated accordingly.
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