Higher iron ore pellet premiums likely for 2019: Cliffs, sources

摘要

Iron ore pellet premiums areexpected to move higher for new 2019contracts, the only uncertainty may be by howmuch, according to miner Cleveland-Cliffs’CEO, and other industry sources.Contract iron ore blast furnace pelletpremiums for new terms and volumes are likelyto meet increasing global demand, and somereduction in supply due to more untappeddemand for direct reduction grades and higherUS steel output, sources said.