According to the "Yomiuri Shimbun" report, Japan's major steel companies and international iron ore giants reached a preliminary agreement on the price increase of iron ore and steelmaking. From April, the price of imported iron ore in Japan will rise from the first quarter of this year. 25%.
In other words, the price of iron ore exported to Japan since April is about US$170 per ton, a record high. The price of coal for steelmaking is about 290 US dollars per ton, which is about 35% higher than the price in the first quarter, which is the second highest price in history.
According to the report, at the beginning of this year, the Australian mining area, the main resource country for iron ore and coal, was hit by floods, and the output was greatly reduced. At the same time, the demand of emerging economies continued to increase. Affected by this, the resource and energy giants in Australia and other places have proposed large price increases to traders such as steel companies.
In other words, the price of iron ore exported to Japan since April is about US$170 per ton, a record high. The price of coal for steelmaking is about 290 US dollars per ton, which is about 35% higher than the price in the first quarter, which is the second highest price in history.
According to the report, at the beginning of this year, the Australian mining area, the main resource country for iron ore and coal, was hit by floods, and the output was greatly reduced. At the same time, the demand of emerging economies continued to increase. Affected by this, the resource and energy giants in Australia and other places have proposed large price increases to traders such as steel companies.
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