Today prices experienced a USD 4 drop hence the weekly plummet has been in a range of -2.1% to -24% for different export products. The 66% Fe concentrate price index also was reduced by -8% compared with last week and reached USD 63.5.
With another USD 4 price drop in yesterday’s transactions, the Iranian concentrate export will be actually ceased. As the final price of production will only have a USD 6.1 margin with the export price and this can not repay for the export tariff and freight charges to FOB.
