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North China delivered iron ore cost comparison Q3 2015

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Report summary

Q3 2015 has seen Brazilian producers reap the benefits of cost cutting measures and low freight rates as the country assumes the enviable position of cheapest delivered seaborne iron ore to China. Compared with Q2 Brazilian total cash costs (FOB vessel) dropped by 5% and delivered costs to China fell by 15% to an average of US$32/dmt 62% Fe equivalent.

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