The price of the Brazilian high-grade iron ore, 65 percent iron contents, is $118/mt today, stable from January 17, CFR China.
During this period, the prices have oscillated, negatively affected by concerns that the US President Donald Trump could impose higher tariffs for the country’s imports from China. This was also compensated by the fact that President Trump did not impose the tariffs immediately after swearing-in on Monday.
The export price of blast furnace grade pellets is $136/mt against $135/mt previously, CFR China, reflecting a stable premium ascribed to the product in relation to the equivalent sinter feed fines.
The premium of the Brazilian high-grade ore, in relation to the Australian 62 percent iron ore, when considering their iron units, is 8.1 percent against 8.7 percent previously, reflecting the interest, at such price level, by the integrated steel producers for the higher productivity and lower emissions of the premium ores when processed in blast furnaces.
In the Brazilian domestic market, the reference prices are $97/mt for the iron ore and $115/mt for the pellets, ex-works, no taxes included, also stable from January 17.