In early 2010, the world’s largest iron ore miners (Vale, Rio Tinto, and BHP Billiton) switched to index-based quarterly pricing. Since then, the major commodity exchanges in Chicago, London, Mumbai, and Singapore have been actively marketing swaps based on The Steel Index (TSI) and Platts reporting.
The commissioning of new iron ore capacity combined with a dearth of disruptions to supply have boosted availability of cheap iron ore, which has pushed iron ore prices to the lowest in five years.
From our Asia mines, we produce and source two types of iron ore: hematite and magnetite.
We provide Direct Shipping Ore (DSO) comprised of hematite as 62% – 64% Fe to our clients in Asia, to include steel producers in China, India, South Korea, and Japan.
We also provide magnetite iron ore concentrated to 62% – 64% Fe to our clients in Asia.
Our team utilizes a network of bonded warehouses that provide reliable storage. These warehouses ensure secure and transparent trade execution.
Blackstone Natural Resources manages our trade positions in Dubai and Hong Kong and, as needed, we hedge our inventories and physical positions.
We take great pride in executing our physical trades with precision and integrity. Our global presence allows for us to quickly identify and capitalize on arbitrage opportunities and bring iron ore to the market at highly competitive prices.
As a physical arbitrage trading house, we promote liquidity in the physical commodities markets. We are also active in the derivatives markets.