In 1999, the price of iron ore dropped 11% to$26.63 US per tonne. A lump ore by 10.2% US438.83 and lump premium fell by 7.5% to $8.20 US per dry long tonne. Iron ore sinter fines were $21.23 US per tonne. Global steel production in 1997 was 797 million tonnes, sea borne iron ore trade was 420 million tonnes. In 1998 steel output fell 12 per cent.
In 1999, there was a decrease of 11% of Iron Ore, which dropped to $26.63 per Tonne. The Lump Ore dropped by 10.2%, falling to $438.83, and Lump Premium fell by 7.5% to $8.20 per dry long Tonne. During this time, Iron Ore Sinter Fines were $21.23 per Tonne. In 1997, the Global Steel Production was 797 Million Tonnes, and Sea Borne Iron Ore trade was 420 Million Tonnes. However, in 1998, Steel output fell 12%.
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The price of iron ore fell by 11% to $26.63 US per tonne, lump ore fell 10.2% US $438.83, and lump premium dropped by 7.5% to $8.20 US per dry long tonne in 1999, while Iron ore sinter fines were $21.23 US per tonne. In 1997, Global steel production was 797 million tonnes, sea borne iron trade was 420 million tonnes. Steel output fell 12% in 1998.
