SMM News, March 13, 2026:
Dear Users:
In July 2025, the typical values of mainstream iron ore products produced by two major mines in Australia—Rio Tinto and BHP—were adjusted. To ensure the accuracy, fairness, and market representativeness of SMM prices and to reflect the actual trading situation in the current market in a true and objective manner, after prudent evaluation, we decided that certain existing iron ore price-point data that can no longer effectively represent the current market will be temporarily discontinued from updates on March 23. The adjustment list are as follows:
1, 62% Fe Fines (CFR Qingdao Port): IOSI62 (USD/dmt).
2, 62% Fe Fines (Qingdao Port): IOPI62 (USD/tonne).
We remain committed to providing the market with high-quality, reliable price benchmarks. We sincerely apologize for any inconvenience caused by this adjustment and kindly ask for your understanding and support. Meanwhile, SMM has launched new market representative price index "MMI61% iron ore seaborne index" and "MMI61% iron ore port stock index" on January 5, 2026, If you have any questions, please feel free to contact us at any time.
SMM will, as always, closely monitor market developments and continue to optimize our products and services.
SMM March 13, 2026