Brazilian Q1 2024 DR-BF pellet premium spread widens amid weaker EU demand

Price differentials between Brazilian direct-reduced (DR) iron ore pellets and blast furnace (BF) pellets for the first quarter of 2024 are showing signs of widening amid weaker demand for BF pellets in Europe, sources told Fastmarkets Thursday November 30.

First-quarter 2024 BF pellet premiums were heard to be settled at $45 per tonne, up by $5 per tonne from the previous quarter. DR pellet premiums, meanwhile posted a stronger...


Marina Shulga

Norman Fong

December 01, 2023

08:27 GMT