Current prices for HMS 1 & 2, by container, are as high as $340 MT CNF Main Ports Asia. Bulk rates are nearing $370 MT CNF Turkey which sets the global benchmark price.
Aluminum averaged $0.95 lb. throughout 2017. And copper has been going up for two straight years. Iron Industries rarely deals with nonferrous metals as our specialty is scrap iron. But we follow all metal markets.
Iron Ore is hovering around $67 a ton, which is a more economic price range. When it was over $100 a ton the price-rate became unstable. As a result China has cut imports by 35%. But iron ore is a different conversation. We might blog about it soon.