Usiminas expects iron ore prices around $65 per tonne in 2018

Mineração Usiminas, the 70%-owned mining arm of Brazilian flat steel producer Usiminas, expects the average iron ore sales price in the global market to hover around $65 per tonne in 2018, executive director Wilfred Bruijn said.

Iron ore prices are not “attractive” but are below the miner’s break-even point of $55 per tonne, Usiminas chief executive officer Sergio Leite added.

Metal Bulletin’s 62% Fe Iron Ore Index was up by $2.67 per tonne on Wednesday November 22, to...

Published

Ana Paula Camargo

November 22, 2017

16:51 GMT

São Paulo