Russian steelmakerEvraz expects prices for 61% Fe iron ore to average $125 per tonne cfr China over the next five years, the company’s president Alexander Frolov said on Thursday August 29.
62% Fe Iron Ore Index stood at $140.30 per tonne cfr Qingdao on August 29.
Fellow Russian steelmaker Severstal said on Thursday that it expects 62% Fe iron ore prices to average $130 per tonne cfrChinauntil the end of the year.
