Iron ore DR pellet premium weakens on falling scrap, finished steel prices
The global market for direct-reduced (DR) iron pellets was under pressure from falling prices for both steel scrap and finished steel products in August, sources told Fastmarkets last week. Fastmarkets lowered its iron ore DR-grade pellet premium, Middle East reference, to $62 per tonne on Friday August 30, from $65 per tonne on July 31.…