I think this will settle the argument as to how much cheaper that Shagang is getting the pellets.
Using the information supplied in the Independent Expert's report, and the Financial reports you can see the price paid by Shagang v other customers. The new iron ore pellet agreement will ensure that Shagang gets a further 5% discount. The current methodology used is Platts, not Metal Bulletin as stated in the report.
I wonder why Grange management haven't corrected this mistake, as they've stated clearly to me in writing that Platts IODEX has been used since 2019?
Shagang Offtake, page-67
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