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Originally Posted by August
Huh?
It stands to reason that if your fuel costs rise that will be reflected in the price of your product, in this case iron ore. It doesn't just arrive at the processing plant on it's own you know...
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Well, I have more data on that than you - proprietary data so I can't share. I'm sure it affects the situation a little bit, but not the massive rises that we have. Let me see if I can find some public graphs on that. The point being, when you are the originating source for the product, transportation has minimal effect, though it will always have some effect.
-S
PS. You might find some here -
http://www.metal-pages.com/charts/
PPS. Futures on metals for example are headed back down by the way. Copper for example should lose 33% of its value in the next year.