Acquisition Cost Price of Iron Ore by Blast Furnaces Steel Makers to Drop in October-December

Acquisition cost price of iron ore by blast furnaces steel makers in October-December will decrease from July-September for certain. But spot price of iron ore is recovering rapidly these days and unclear outlook is expanding. Though it is the movement of material market on the background of recovery of steel stock price in China, the price for both steel stock and material are likely to keep improvement tendency from the worst time involving thinking of dealing company because steel stock price which is chronic oversupply is not expected to increase substantially especially in China.