High-Grade Iron-Ore becoming more and more relevant in the modern age #>1Gt.

Whatever ends up being the case, the likelihood is that steel mills will seek to use higher-grade iron ore in order to produce the most amount of steel from whatever capacity they are allowed to use.

This should boost demand for higher-quality iron ore, although this dynamic has yet to show up in pricing.

Iron ore for China delivery with a 65-percent iron content, as assessed by Argus Media, ended last week at $97.15 a tonne, while 62-percent ore was $73.60 and low-grade 58-percent was $60.28.

This put the 65-percent ore at a premium of 32 percent to 62-percent, and at a premium of 61 percent to the 58-percent grade.

https://uk.reuters.com/article/uk-column-russell-ironore-china/commentary-chinas-winter-pollution-cuts-may-boost-high-grade-iron-ore-idUKKCN1MW170