In the January-August period this year, the weighted-average purchase costs in China of coking coal, metallurgical coke, domestic production iron ore fines (dry basis), import iron ore fines and ferrous scrap decreased by 20.31 percent, 25.79 percent, 5.09 percent, 2.42 percent and 18.19 percent year on year, respectively, as announced by the China Iron and Steel Association (CISA).
In August alone, the weighted-average purchase costs of coking coal, metallurgical coke, Chinese domestic production iron ore fines (dry basis), import iron ore fines and ferrous scrap increased by 6.45 percent, 7.66 percent, and 2.46 percent, declined by 0.26 percent and rose by 1.71 percent month on month, respectively.
