Original article by Peter Ker
The Australian Financial Review – Page: 14 : 14-May-25

Rio Tinto has advised Asian steel mills that the iron content in each tonne of its flagship ‘Pilbara Blend Fines’ product will be permanently reduced from 61.6 per cent to 60.8 per cent. The change is scheduled to take effect in the September quarter, and reflects a decline in the quality of Rio Tinto’s iron ore. The downgrade will affect the company’s earnings, while independent economist Saul Eslake says it is also likely to have an impact on the federal and Western Australian governments’ budgets. Rio Tinto has also indicated that its Pilbara Blend Fines will also have higher levels of impurities.

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