The weighted average cost of North China delivered iron ore is US$35.9/dmt (62% Fe), US$1.3/dmt less than our Q1 2016 estimate. Global average delivered costs have dropped by 41% since we first starting publishing this insight in 2013. But further cost reductions will be difficult. The first half of 2016 has seen a rise in oil prices, some strengthening of iron ore exporting country's currencies and a small rise in freight costs. If these macro trends continue it's likely iron ore costs will start to rise.
Table of contents
China delivered iron ore costs Q2 2016
Tables and charts
This report includes 3 images and tables including: