Iron Ore Price to hit US＄147 per Ton In Third Quarter
Published:
2010-06-09
The FOB (free on board) price of iron ore being sold to Chinese steel mills by Anglo-australian mining company Rio Tinto will rise to 147 US dollars per ton in the third quarter, up 19.5% on the second quarter price. The rise will cause the cost of Chinese steel production to go up by between 300 to 450 yuan per ton.
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