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.
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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.
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%.
