In the January-July period this year, the weighted average purchase costs in China of coking coal, metallurgical coke, domestic production iron ore fines, import iron ore fines and ferrous scrap decreased by 20.02 percent, 26.17 percent, 5.97 percent, 3.7 percent and 19.07 percent year on year, respectively, as announced by the China Iron and Steel Association (CISA).
In July alone, the weighted average purchasing costs of coking coal, metallurgical coke, Chinese domestic production iron ore fines (dry basis), import iron ore fines and ferrous scrap decreased by 0.97 percent, down 0.03 percent, up 2.49 percent, up 3.13 percent and up 1.6 percent month on month, respectively.
