Japanese Integrated Steel Makers’ Iron Ore Purchase Price to Dip Below FOB 100 Dollers

Japanese integrated steel makers’ iron ore purchase price is likely to decrease substantially for July-September. Watching the international spot market price, it might dip below FOB 100 dollars per ton for the first time since 2010. In China, inventories of iron ore increases to record-high level, buying offer of iron ore low while steel market price is decreasing.

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