In the January-September period this year, the weighted-average purchase costs in China of coking coal, metallurgical coke, domestically produced iron ore, and ferrous scrap increased by 20.45 percent, 16.66 percent, 0.15 percent, and 0.3 percent, respectively, while the purchase costs of imported iron ore fines declined by 1.31 percent year on year, as announced by the China Iron and Steel Association (CISA).
In September this year, the weighted-average purchase costs of coking coal, metallurgical coke and imported iron ore rose by 15.98 percent, 13.64 percent, and 0.36 percent, respectively, while the weighted-average purchase costs of domestically produced iron ore fines (dry basis) and ferrous scrap declined by 0.64 percent and 0.14 percent, respectively, month on month.
$1 = RMB 6.7147
