Posted on 30 Jun 2025
Kallanish is responding to market movements by launching a new KORE 61% Fe iron ore fines index. This follows the steady degradation of iron ore quality from major mines globally, and moves by miners to re-define their leading iron ore products to lower specifications. This means that the representative spot market for this grading of iron ore has shifted.
It also pre-empts a change in specification in the leading iron ore futures contract on the Singapore Exchange which is scheduled for 2 January 2026.
The new Kallanish KORE 61% Fe index will go live on the Kallanish price analyser on Monday 30 June and includes a history dating back to 1 July 2022 for comparison to the 62% Fe index.
The Kallanish KORE 61% Fe and 62% Fe indices will run in parallel until at least 1 July 2026. A consultation will be made with subscribers on whether the 62% Fe index should be continued after that date.
Below are the specifications for the new index:
Kallanish KORE 61% Fe index specifications | |
KORE 61% Fe | |
Headline Fe | 61% |
Fe max | 63.5% |
Fe min | 60% |
SiO2 | max 6.5% |
Al2O3 | max 3.5% |
Phosphorus | max 0.13% |
Sulphur | max 0.05% |
Moisture | max 10% |
Sizing | max 22% > 6.30mm, max 45% <0.150mm or max 18% > 6.30mm, max 35% <0.150mm |
We look forward to hearing comments and requests from the market. Please reach out to us at info@kallanish.com
Source:Kallanish
