Posted on 21 Dec 2007
According to Macqurie Research, the cost of steel production will increase by US$80/ton in year 2008, and it could reach US$100/ton adding freight cost.
It is forecasted that the price of iron ore will increase by 50 percent and accordingly steel products cost for Asia (not including
Analyst pointed out that steel price has already been experiencing the upward trend caused by high production cost.
