In the January-April period this year, the weighted average purchase costs in China of coking coal, metallurgical coke, domestic production iron ore fines and ferrous scrap decreased by 8.13 percent, 17.5 percent, 4.45 percent and 16.72 percent year on year, respectively, though the weighted average purchase cost of import iron ore fines rose by 1.03 percent year on year, as announced by the China Iron and Steel Association (CISA).
In April 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 5.01 percent, 4.38 percent, 2.99 percent, 1.48 percent and 2.73 percent month on month, respectively.