Iron ore price, page-46941

Correct FMG does not sell a grade it sells products. The only benchmark "grade" that really means much at all is the 62% Fe number because it corresponds fairly directly to Rio Tinto Pilbara blend lump and fines.

FMG has a range of products at a range of grades with a range of impurities. Getting the tonnes and revenue for the last reporting period gives you a dollar per tonne feel for FMG pricing relative to the index. That is the best informed you can get because more detailed information is not made public. Historically the FMG products tend to sell at an average discount to the 62% lump and fines index of about 15%. Historically the 58% benchmark is a guide to the FMG product pricing but a guide only FMG tends to do a bit better than that index.