Thought this was appropriate here:
Vale - the largest supplier of iron ore pellets and a trendsetter in the global market - has again raised its premiums for blast furnace (BF) and direct-reduced (DR) pellets for the second quarter of 2021, Fastmarkets understands.
Vale settled its BF pellet premium for the second quarter of 2021 at $52 per tonne, which compares with a first-quarter 2021 premium of $40 per tonne, Fastmarkets has learned.
Vale set a second-quarter 2021 DR pellet premium of $60.20 per tonne, up from $46.30 per tonne in the first quarter this year.
The drive towards low carbon steelmaking is expected to increase demand for pellet feed, building a strong case for China to build direct reduced iron (DRI) hubs over the coming years, based on high grade, low impurity iron ore pellets. That’s a perfect scenario for the development of the story for Grange in the future.
Pellet Price, page-619
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