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Nov 11, 2014· Theiron ore pricehas fallen to a five-yearlow, to apricewhere only the top producers are making money. Spotiron oreat end of 3Q at about $78 per ton. Average for 3Q was about $90 per ton.

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We diversified our sources and leveraged prevailingpricetrends to achieve optimal costs annual report 201415iron oresourcing given the prevalent supply constraints in the domesticiron oremarket and the declining trend in globaliron ore priceswe realigned our sourcing strategy for the input to meet production requirements. Read More

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When there is a coup in a country rich iniron ore, the supply ofiron orewill be disrupted. This will shift the supply curve foriron oreto the left. Becauseiron oreis an input of building materials, the supply of building materials will decrease, leading to a rise in the equilibriumpriceof building materials.

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