[Your shopping cart is empty

News

Steel mills in South East expect iron ore price to fall by 44~45%

Steelmakers in South East Asia are paying special attention to negotiations on yearly iron ore prices and expect that the basic price will be lowered by 44~45 percent to release cost pressure; this will result from the production cost for steel industries being reduced a lot.

According to information from Malaysia, the iron ore price will be down by 40~50 percent and PT Krakatau, the biggest steel producer in Indonesia, thinks that the pig iron price will be decreased by 40 percent and that the new price will be confirmed this week or next week. Source: Yieh.com

Apr 19, 2009 11:48
Number of visit : 854

Comments

Sender name is required
Email is required
Characters left: 500
Comment is required