MGT General and Off Topic Chat, page-1080

*** from same article -

Seeking alternatives

More mills in the Atlantic are targeting low-alumina Indian pellet for the replacement volumes as well. ArcelorMittal possibly bought a few more Indian pellet cargoes for third-quarter delivery in Europe and another key north European mill has done the same.

The tightness has extended to domestic supplies in Brazil with CSN increasing its receipts of KIOCL Indian pellet, typically with alumina of less than 2pc. The Brazilian mill loaded a cargo of KIOCL pellets in late June and is due to load another KIOCL pellet cargo late this week or early next week, bound for Itaguai port in Brazil, port data shows.

The shortage has also opened up opportunities for pellets from the US being offered at a premium to a 62pc Fe index in Europe. A west European mill received a US steel pellet cargo at the EMO terminal in the Netherlands' Rotterdam.

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And then from our PFS -
"The Razorback high grade concentrate (see expected specification above) is expected to receive a significant premium over the 62% index. The average premium for 65% fines over the 62% index has been $13 (last 7 years), $15 (last 3 years) or $19 (1 year).The 66% concentrate index has been above or below the 65% fines index through time, but has averaged a $2 premium since initial publication. The expected Razorback concentrate has significantly higher iron content, lower alumina and much lower phosphorus than either the 65% specification or the midrange of the 66% concentrate and therefore can be expected to realize a further premium on either index through time. Given this, a grade and product premium has been applied of $25 or 23% above the 62% price."

- Sounds like MGT has been - yet again - conservative on the outlook, re costs.
In my post above this one -
"The quarterly Atlantic pellet premium was settled at $20/dmt to a 65pc Fe index for blast furnace grade and $24/dmt for direct reduced grade in the fourth quarter of last year. "

@Stocki
thoughts, man?

+ @Realinvestor1 you too mr brains