Industrial Insight

spot prices for iron ore above contract prices | May 1, 2014

The shift, which market participants say started this April, came as the spot lump premium started easing from a high of $0.295/dry metric ton unit on January 20 to $0.195/dmtu at the beginning of April, according to Platts data.

Spread between iron ore contract and spot lump widens

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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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