Over the last decade, there has been structural shift in the global iron ore markets favouring higher-grade, lower-impurity iron ore products.
Generally, the lower the Fe grade of the iron-based feedstock, the higher the level of impurities such as phosphorus, silica, sulphur and alumina. More energy (i.e. coke) is required for blast furnaces to “slag-off” the impurities thereby generating more unwanted emissions and waste products.
The global community will continue to pressure industry to reduce environmental pollutants for the foreseeable future. This will result in a sustained demand from steelmakers for higher-grade, lower-impurity feedstock such as Razorback’s high grade iron ore concentrate.