2008 iron ore price rise
Reports are coming in that Nippon Steel has just agreed an iron ore price increase, effective 1st April 2008. The price rise is 65%.
Steel mills typically accept whatever price is first settled with one of the big three miners, so it seems probable that the 65% iron ore price increase will be the benchmark settlement for other deals in the coming weeks.
For original report, see http://uk.reuters.com/article/oilRpt/idUKL176439220080217
blogger@steelonthenet.com
Steel mills typically accept whatever price is first settled with one of the big three miners, so it seems probable that the 65% iron ore price increase will be the benchmark settlement for other deals in the coming weeks.
For original report, see http://uk.reuters.com/article/oilRpt/idUKL176439220080217
blogger@steelonthenet.com
posted by sotn @ 10:14 PM permalink
1 Comments:
how this increase will influence the shipping market?
will transport become cheaper like 2005 when increase was of abt 75%?
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