It would seem that the iron ore price settlement this year will see a price increase of ~80-90% over 2009 price levels.
In a vociferous response, EUROFER today launched a bitter attack on the iron ore supply sector. A press release issued this morning [see http://www.steelonthenet.com/pdf/Eurofer_11-Mar-10.pdf ], stressed the outrage felt by the European steel industry at the proposed extent of the price increases.
'These increases come whilst the industry is still reeling from the effects of the most serious financial and economic crisis since the 1930s' said EUROFER. 'European Governments should be aware of the implications for the wider economy if these price increases become reality' it added.
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