Steel · Indicative Assessment
61/62% Fe Transitional Basis Spread Price Today
- CommodityScope Indicative Assessment
- CS Series CS-STL-61-62-FE-TRANSITIONAL-BASIS-SPREAD
- 61/62% Fe Transitional Basis Spread · USD/dmt
- Steel Assessment Methodology v1.0
The assessment represents the estimated prevailing market level for the defined basis and is not an executable quotation.
Latest 61/62% Fe Transitional Basis Spread Price
The assessment range is an uncertainty interval around the CommodityScope midpoint and does not represent a quoted bid/offer spread or daily trading high/low. Range methodology
- Basis
- 61/62% Fe Transitional Basis Spread
- Unit
- USD/dmt
- CS Series
- CS-STL-61-62-FE-TRANSITIONAL-BASIS-SPREAD
61/62% Fe Transitional Basis Spread Price Chart
USD/dmt · Calendar gaps are not interpolated.
Price Changes and Historical Range
Computed statistics are CommodityScope calculations from the series history.
Monthly 61/62% Fe Transitional Basis Spread Prices
Average, minimum and maximum of assessment midpoints in each calendar month. These are not the assessment range. Incomplete latest months are marked month to date.
| Month | Average mid | Min mid | Max mid | Observations |
|---|---|---|---|---|
| October 2026Month to date | 2.58 | 2.50 | 2.60 | 6 |
| September 2026 | 2.70 | 2.60 | 2.80 | 17 |
| August 2026 | 2.76 | 2.75 | 2.80 | 8 |
Recent Assessments
Latest CommodityScope assessments for the defined market basis. Low and high are the CommodityScope assessment range around each midpoint, not a bid/offer spread. Dates without an available assessment are omitted.
| Date | Low | High | Mid | Δ vs previous |
|---|---|---|---|---|
| 2026-10-12 | 2.50 | 2.50 | 2.50 | -0.10 |
| 2026-10-08 | 2.60 | 2.60 | 2.60 | 0.00 |
| 2026-10-07 | 2.60 | 2.60 | 2.60 | 0.00 |
| 2026-10-06 | 2.60 | 2.60 | 2.60 | 0.00 |
| 2026-10-02 | 2.60 | 2.60 | 2.60 | 0.00 |
| 2026-10-01 | 2.60 | 2.60 | 2.60 | 0.00 |
| 2026-09-30 | 2.60 | 2.60 | 2.60 | -0.05 |
| 2026-09-29 | 2.65 | 2.65 | 2.65 | 0.00 |
| 2026-09-28 | 2.65 | 2.65 | 2.65 | 0.00 |
| 2026-09-25 | 2.65 | 2.65 | 2.65 | 0.00 |
| 2026-09-24 | 2.65 | 2.65 | 2.65 | 0.00 |
| 2026-09-22 | 2.65 | 2.65 | 2.65 | -0.05 |
| 2026-09-21 | 2.70 | 2.70 | 2.70 | +0.05 |
| 2026-09-17 | 2.65 | 2.65 | 2.65 | 0.00 |
| 2026-09-14 | 2.65 | 2.65 | 2.65 | -0.05 |
| 2026-09-10 | 2.70 | 2.70 | 2.70 | -0.05 |
| 2026-09-09 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-09-08 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-09-07 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-09-04 | 2.75 | 2.75 | 2.75 | -0.05 |
| 2026-09-03 | 2.80 | 2.80 | 2.80 | +0.05 |
| 2026-09-02 | 2.75 | 2.75 | 2.75 | -0.05 |
| 2026-09-01 | 2.80 | 2.80 | 2.80 | 0.00 |
| 2026-08-31 | 2.80 | 2.80 | 2.80 | +0.05 |
| 2026-08-28 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-08-27 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-08-26 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-08-25 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-08-21 | 2.75 | 2.75 | 2.75 | 0.00 |
| 2026-08-19 | 2.75 | 2.75 | 2.75 | — |
What This 61/62% Fe Transitional Basis Spread Price Represents
This page tracks the 61/62% Fe Transitional Basis Spread on a 61/62% Fe Transitional Basis Spread basis, quoted in USD/dmt. Figures are CommodityScope indicative assessments for the defined series basis. They are not a live quote.
Compare With
Each comparison states why the series are related and whether the latest values can be subtracted directly (same unit, currency and assessment date). Where they cannot, the values are shown side by side without a difference. The reasons below follow the product family and basis of each series.
| Series | Why compare | Latest | Difference (this − other) |
|---|---|---|---|
| IODEX CFR North China CFR North China · USD/dmt | Same product family (Steel) on a different basis: 61/62% Fe Transitional Basis Spread vs CFR North China. The gap reflects location and delivery terms, not quality alone. | 90.60 12 Oct 2026 | -88.10 |
| 65% Fe CFR North China CFR North China · USD/dmt | Same product family (Steel) on a different basis: 61/62% Fe Transitional Basis Spread vs CFR North China. The gap reflects location and delivery terms, not quality alone. | 105.10 12 Oct 2026 | -102.60 |
| 58% Fe CFR North China CFR North China · USD/dmt | Same product family (Steel) on a different basis: 61/62% Fe Transitional Basis Spread vs CFR North China. The gap reflects location and delivery terms, not quality alone. | 80.50 12 Oct 2026 | -78.00 |
| TSI Iron Ore Fines CFR China CFR China · USD/dmt | Same product family (Steel) on a different basis: 61/62% Fe Transitional Basis Spread vs CFR China. The gap reflects location and delivery terms, not quality alone. | 90.60 12 Oct 2026 | -88.10 |
Related 61/62% Fe Transitional Basis Spread Prices
CommodityScope Assessment Basis
This is the CommodityScope series definition for the published midpoint and assessment range. Characteristics that are not part of this basis are not inferred.
- Product
- 61/62% Fe Transitional Basis Spread
- Product quality
- Product as labelled by the series name and location basis. CommodityScope does not infer a fuller chemical or contractual specification.
- Location basis
- 61/62% Fe Transitional Basis Spread
- Parcel basis
- Typical physical cargo as transacted on the stated location basis. CommodityScope does not fix a standard parcel tonnage.
- Delivery / loading period
- Not fixed in the published series basis.
- Assessment window
- CommodityScope assessment dated as of the published assessment date.
- Currency / unit
- USD/dmt
- Normalization
- Inputs used for the midpoint and the assessment range are considered only after they can be expressed on this series basis and unit. Cross-unit values are not converted on the public site and are not mixed into this series.
Terms not specified
- The series basis identifies 61 62% Fe Transitional Spread as the quoted location but does not specify the delivery Incoterm.
- The series basis does not specify a product specification beyond its name and basis; none is assumed here.
Specification · series name and basis only
The series basis does not specify a product specification beyond its name and basis; none is assumed.
Basis: 61/62% Fe Transitional Basis Spread
The basis is shown as defined for this series; no delivery term is inferred.
Unit: USD/dmt
- The unit printed with the price is the unit of this series. European coil is in EUR per metric tonne. Seaborne finished steel is in USD per metric tonne. Seaborne iron ore is in USD per dry metric tonne. US mill coil and rebar are in USD per short ton. US domestic scrap is in USD per long ton. Chinese port iron-ore free-on-truck levels are in CNY per wet metric tonne, and Chinese domestic mill steel is in CNY per metric tonne. Indian domestic levels are in INR per metric tonne, Brazilian domestic scrap is in BRL per metric tonne, Mexican domestic scrap is in MXN per metric tonne, and Moscow levels are in RUB per metric tonne.
- A series published in short tons stays in short tons. A series published in cents per pound stays in cents per pound. No unit is converted into another on the page.
How to use this series, and what it is not for
How to use this series
- Track one series over time using the chart, monthly averages and the recent-assessment table.
- Compare two series only when the unit, currency and delivery basis match.
What it is not suitable for
- Treating a domestic mill assessment and an export assessment as one price.
- Intraday trading: values are end-of-day assessments, not live quotes.
Product and market references
- ICC Incoterms® 2020 rules (FOB, CFR, CIF, FCA definitions) — Meaning of the delivery terms used in the basis column.
Assessment, assessment range and computed statistics: CommodityScope. The assessment range is an uncertainty interval around the midpoint, not a bid/offer spread. See the Steel Assessment Methodology v1.0 for assessment basis, calculation principles and data policy.