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STEEL WEEK IN BRIEF: High-grade 65% Iron Derivative Launch By SGX, Trade War Truce, Sanctions Hitting Iran
Feb 11, 2019

Raw Materials Iron ore producer Vale will use a 65% Fe iron ore index to price its pellets next year, moving away from using a 62% Fe iron ore index as the base price for such cargoes, executive director Peter Poppinga said. The world's largest iron ore miner also hailed the launch of a derivative contract by the Singapore Exchange on December 3 as a positive development for the high-grade market. Meanwhile, the contract registered 150,000 tonnes of cleared trades on its first day of...

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