steelmaker OAO Severstal expects prices for iron ore with
62-percent metal content to average $130 per tonne c.f.r. China
"We do not expect any
big reduction in price until the years end," chief
financial officer Alexey Kulichenko said Aug. 29.
expects a "continuous softening" in iron ore prices over the
next two to three years as new global capacities are added,
The company expects
the price for 62-percent iron ore to stand at $100 to $110 per
tonne c.f.r. China over that period.
AMM sister publication Metal
Bulletins 62-percent metal content iron ore index
stood at $142.19 per tonne c.f.r. Qingdao, China, Aug. 28.
A version of this
article was first published in AMM sister publication Steel