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Higher Ocean Freight Hits Japan Steels' Iron Ore, Coking Coal Transport Cost
International spot market price of large bulk carrier keeps increasing. Iron ore freight is US$ 102 per tonne from Brazil to Japan, which is more than iron ore price. The freight is 2 twice of a year earlier level and 37% higher than average in fiscal 2007 ended March 2008. The market is lifted by strong demand for iron ore and aggressive buy by mineral majors, according to Japanese sources. With the high market, Japanese steel makers' freight cost could increase by more than 120 billion yen including higher energy cost for fiscal 2008 from fiscal 2007.
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 | Higher Ocean Freight Hits Japan Steels' Iron Ore, Coking Coal Transport Cost
| | Mitsubishi-Hitachi Metals Machinery Accepts 130BY Orders in F2007
| | Japan Rebar Price to Reach FOB US$ 1,000/t
| | Strong Plate Steel Price in Tokyo
| | Higher Ferrous Scrap Price in Tokyo
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