The state enterprise Ukrpromvneshexpertisa forecasts that in October iron ore raw materials (Fe 62% Australian ore at CFR China) prices on world markets will decrease by 12% MoM, or by $7 per ton to $51 per ton.
According to the company experts this will have to do with the seasonal drop on the steel market and the increase in Australian miners offers.
In Q4 the average price will total $48 per ton, taking into account the price drop on Chinese market. (Ukrainian metal)
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