price level of iron ore and coking coal in the second quarter will be lower than the first quarter

- May 18, 2018 -

Posco predicts that the price level of iron ore and coking coal in the second quarter will be lower than the first quarter. Among them, iron ore price is expected to be 65 US dollars / ton ~ 70 US dollars / ton, coking coal prices are expected to be 180 US dollars / ton ~ 190 US dollars / ton.


It is understood that from January to February this year, due to Chinese steel companies stocking before the Spring Festival, iron ore prices remained at a high level, averaging US$77/tonne, but after the United States announced in March that it would impose tariffs on steel products, Iron ore prices began to fall and fell to 63 U.S. dollars per ton at the end of March.


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