The Steel Index publishes 2 daily iron ore reference prices – one for 62% Fe content fines and one for 58% Fe content fines, CFR China port.*

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TSI iron ore reference prices are produced using the same established rigorous methodology The Steel Index has employed in the compilation of its respected steel reference prices since 2006.

TSI's iron ore prices have become an essential tool for miners, traders and steel mills as their daily reference for physical transactions, with an increasing amount of business being concluded on an index-linked basis.

Our iron ore index is also used in Over-the-Counter (OTC) swap contracts are used by financial brokers throughout the world. Singapore Exchange (SGX), LCH.Clearnet and CME Group all offer cleared monthly iron ore swap contracts using exclusively TSI's 62% Fe fines iron ore reference prices for settlement.

Become a Data Provider

If you sell or buy iron ore, you may be eligible to contribute as a data provider for The Steel Index iron ore prices. Click here to apply or read more about the procedures to follow. All data providers receive The Steel Index reference prices free-of-charge.

For further information about iron ore reference prices by The Steel Index, please email info@thesteelindex.com

Procedures and Methodology

The Steel Index methodology involves collecting price data based on actual transactions via secure on-line systems.  Agreements are signed with companies buying and selling the relevant products throughout the supply chain.  These ‘data providers’ supply their price information on a completely confidential basis, in exchange for receiving The Steel Index reference prices free-of-charge.

Calculation of the iron ore reference prices involves two principal steps:

• Normalisation of the data submitted to the reference product specifications and exclusion of outliers 
• Calculation of the average reference prices from the remaining normalised data

By gathering robust data based on actual transactions, The Steel Index can provide you with access to the most reliable independent reference prices available.

For a more detailed description on the procedures and methodology used to compile our iron ore prices, please click here

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Iron Ore Products and Price Specifications - China Imports

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