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Australia’s Fortescue narrows Oct iron ore term contract discounts

September 29, 2023 Comments Off

Australian iron ore miner Fortescue Metals Group has further narrowed discounts for term contracts across Super Special Fines, Fortescue Blend Fines and West Pilbara Fines brands for the month of October, its contract customers said Sept. 28, as demand remains firm for low-grade fines from Chinese mills. The discounts for SSF basis the October average of Platts 62% Fe index,…