Mutún Steel Company sells iron at a price 85% lower than the global value

A new boom in raw materials unleashed in Asia, they demand tons of iron for their industries. The requirement caused the price of the ore to rise to $150 a ton, a historical figure. Despite the high international price, from Bolivia, Empresa Siderúrgica Mutún (ESM) exports the product at only $23, a price 85% lower than the value in the global market. ESM indicates that it sells at that price because it does not cover the cost of transportation or assume the risks generated by the operation.

Source: El Deber