fe62 iron ore prices, page-3

Look for the "DMTU" (dry metric tonne unit) price, which is the price per percentage point determined on the basis of benchmark grade ore (around 67% Fe I think).

So for example, for ore grading 67% Fe, if the DMTU was $2.50, the price per tonne would be 67 times $2.50 or $167.50 per tonne.

For iron ore grading 57%, the price per tonne would be 57 times $2.50 or $142.50 per tonne.

There are also penalties for ore that carries above range impurities such as sulphur, phosphorous, titanium, silica and alumina.