WB description: Iron ore, spot in US dollar/dry ton and contract in US cents/dmtu. For years 2008 (December) to present, spot, (any origin) fines, 62% Fe, c.f.r. China; during 2006 to 2008 (November) spot, 63.5%Fe. Earlier data refer to annual contract prices (Brazil for Europe,) VALE Carajas mines sinter feed, f.o.b. Ponta da Madeira during years 1987-2009; Itabira mines f.o.b. Tubarão for years 1960-86. Unit dmtu denotes dry metric ton unit , i.e. 1% Fe-unit.
Sources: VALE; CVRD; UNCTAD; World Bank.