Frankly speaking, you are reading this table everyday and you don't understand it.
Remember hematite beneficiation, spreads and swaps between different commodities, induction furnaces and EAF mix up and so on. All rubbish in your imagination.
Column 7 is titled Banchmark and in this column a banchmark price is given for 62% Fe, 58% Fe , 65% Fe and so on. Australian 62% Fe was selling on that day for 76.4-77.4 and this is column 6.
Someone who can read the table looks up at column 7 and can see that this was close to the banchmark price.
There is no Australian 62% IO Banchmark Price.
I agree with you on one, there is lot of information in these tables, however some knowledge is required to read it correctly.
Have you figured out what Benchmarks My Steel is using?
Iron ore price, page-2613
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