Iron Ore Price May Jump 32% in July Quarter, Japan Metal Says
作者：1 发布时间：2010-05-13 文字大小：【大】【中】【小】
By Masumi Suga
May 12 (Bloomberg) -- Contract prices of iron ore produced in Australia may rise 32 percent in the July quarter from the prior three months, Japan Metal Daily said, raising costs for steelmakers.
Iron ore may cost $158 a metric ton, according to a calculation method proposed by suppliers BHP Billiton Ltd. and Rio Tinto Group, the newspapersaid, without saying where it obtained the information. That’s up from the provisional price of $120 a ton for the April-to-June quarter, the daily said.
The amount is derived from the three-month average of the iron ore spot price from March to May on the assumption that the market price stays at the current level until the end of the month. At $158 a ton, iron ore would cost 2.6 times more than the fiscal year ended March, the paper said.
To contact the reporter on this story: Masumi Suga in Tokyo atmsuga@bloomberg.net
Sourced from www.bloomberg.com
