The state enterprise Ukrpromvneshexpertisa forecasts in September average iron ore raw materials price (Australian Fe 62% ore at CFR China) will fall by 6.8% MoM, or by $4 per ton, to $55 per ton.
“In August the price totaled $59 per ton. We believe in September it will fall to $55 per ton and lower”, said the enterprise analytics department expert Dmitry Zheltyakov.
This dynamics will be mostly due to the steel output drop in China. (Ukrainian metal)