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North China delivered iron ore cost comparison Q2 2015
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Report summary
Q2 2015 is marked by further reductions in FOB and CFR costs for Australian and Brazilian producers. Compared with Q2 2014, FOB costs in Australia and Brazil have dropped by 30% and 18% respectively. CFR costs 62% Fe equivalent dmt have also dropped by 32% and 23% for Australia and Brazil respectively. The overall reduction in costs can be attributed to cost cutting, low diesel prices, weaker exchange rates and government tax relief packages for miners.
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