If you are watching Steelmaking Input Costs, you will have noticed the marked increases in input costs of recent months. For example,
- Thermal coal has moved from $78/tonne in September to $107 in November 2016 (Australian coal, fob Newcastle
- Iron ore has moved from $57/tonne to $72/tonne (Chinese imported iron ore fines (62% Fe spot, CFR Tianjin port)
- Natural gas has increased from $4.01 to $4.54/m BTUs (Russian origin - border price in Germany
The full time series for these costs can be seen at http://www.steelonthenet.com/commodity-prices.html.
According to Platts, met coke prices also doubled earlier this year (see http://www.platts.com/latest-news/metals/singapore/seaborne-metallurgical-coke-price-doubles-jan-27661511).
Surely steel prices will catch up soon?
This post first appeared on Steel On The Net Blog - Steel Industry Weblog, please read the originial post: here
