Vale pellet premiums fall for third consecutive quarter amid lukewarm global demand

Brazilian miner Vale, the world’s largest supplier of iron ore pellets and a key price benchmark setter in the global market, has lowered its premiums for blast furnace (BF) and direct-reduced (DR) iron ore pellets for the second quarter of 2023.

This is the third consecutive drop in Vale’s quarterly pellet premiums amid softer global demand for BF and DR pellets.

The second-quarter BF pellet premium was settled at $41...

Published

Norman Fong

February 27, 2023

10:01 GMT

Singapore