How much does iron ore cost per metric ton?

In United States, the average price of Iron Ore was 99 USD per metric ton on July 2018 – a little increase of 3 USD per metric ton, or 3%, compared with the previous month. On a year-over-year basis, the Iron Ore price in United States is 15% lower than the price one year before.

What will Australia's iron ore prices look like in fiscal year?

Australia anticipated iron ore prices to average 137 USD/MT in the fiscal year, up from 128 USD/MT in March. The European HRC spread averaged a new record high of 695 EUR/MT in the second quarter, up 61% from the previous quarter due to higher steel prices.

How much does iron cost in Rotterdam?

In July, the cost of a basket of iron ore products, including fines, lump, and pellets, required to create one tonne of pig iron reached 178 USD/dmt CFR Rotterdam basis, while met coke input costs were slightly more than 60 USD/MT CFR Rotterdam basis.

What is a basic price?

Basic Price: It is the amount that producer receive from buyer for a unit of good or service produced minus any taxes payable and plus subsidies payable on that unit as the result of its production or sales. It does not include any producer transport charges which involves separately.