Indian Ore Demand Up Or Change The Pattern Of China's Steel Supply - Wafer Butterfly Valve

Mine may not be China, India against the three mines "last straw" was

. Because of the fact that, with India rising domestic demand, the supply of Indian ore in China pattern may change.

The author from the recent meeting held within the industry was informed in January 2010 to February period, India's steel imports from China reached 510,000 tons, an increase of 351.57%. Imports last year, only 1.18 million tons, the first two months of this year, India imported steel from China imports close to half of last year.

"From this figure we can see the proliferation of Indian domestic steel demand is growing rapidly," Xu Minmetals Chamber of Commerce held an internal meeting in the near future, said, "no doubt will stimulate demand for domestic enterprises to invest in the Indian government and steel industry . "Data show that India's steel production is increasing year by year, from 2006 to 2009 India's steel production was 42.78 million tons, 53.08 million tons, 55.05 million tons and 56.6 million tons.

With the increase of steel production in India, India's iron ore production of the natural as the preferred raw material supply. Xu said that India's steel production to increase their means increased demand for iron ore, indicating the original ore exports from India will shift the supply of domestic steel, iron ore exports to China will decrease naturally. Prior to this, India has been firmly occupy the third-largest iron ore imports in China the status of the country.

Accuracy of this statement. Learned, from 2006 to 2009, China imported iron ore from India to 74.78 million tons, 79.53 million tons, 91.04 million tons and 1.07 million tons, up 9.08 percent year on year respectively, 6.36%, 14.47%, 18.08%. It is noteworthy that, despite the number of iron ore imports from India are increasing, but the total amount of China's total iron ore imports ratio is falling, in 2006 is 22.92%, 20.73% in 2007, 2008, 20.51 %, to 2009, has dropped to 17.71%.

"As the transfers surplus and deficiency of an important raw material, although not the biggest supplier, but mine on the steel plant in India is also very important." Traders, a state-run large-scale steel companies had told the author that, despite India's mine lower grade than the three mines , but the price is relatively cheap, and can save the cost of steel production, in addition to the three major mines in bad faith when reduced shipments can also be used to supplement the production of steel stocks.

"But the situation has changed," the person admitted, because the impact of multiple causes, the current tight supply of ore in India has been rushed to 160 U.S. dollars / ton, because of "a valuable commodity," many of India can not guarantee the quality of ore, and even grade below 50% of the mine should sell 160 U.S. dollars / ton, while the trade dispute has triggered endless. Despite this, these people are most worried about is the late Indian ore supply. He said that if a large number of Indian Mine, "an export domestic", but even so the goods can not be provided.

In addition to reduced supply concerns, the advice of my director Xu Xiangchun steel mesh in the acceptance of "Economic Information Daily," an interview that the spot price are the three most important mines quarterly pricing reference price. Although the Indian steel industry projects may take time, but only to be expected, and signals are pulled up the current spot prices, not a small Chinese steel mills will face the cost pressure.

In fact, the three mines have already smell the Indian market of huge business opportunities and start some action. As early as the end of 2009, a cargo ship loaded with ore, not towards China, but India's north-west bound, not only carries 18 tons of behind the 3 million tons of iron ore and supply contracts, but also to open the Indian market, Rio Tinto stepping stone.

Rio Tinto has already clearly determine, because the increase in domestic demand in India will stimulate the development of India's domestic steel industry, thereby increasing the demand for iron ore.

Originally as a supplier of iron ore in India, not only will continue to be competitors in the Chinese market, they may even become a new steel-producing countries.

"Against the three major iron ore mining monopoly supply of a chip, but the present situation, the chips may also gradually disappear." Xu Xiangchun, said BHP Billiton and Vale are likely to follow the example of Rio Tinto, to increase efforts to develop the Indian market Indian steel industry's development may be three new profit growth point of mine. At the same time consolidating its absolute monopoly on iron ore.

At the same time, it is noteworthy that, in order to support domestic steel industry development and reduce iron ore exports, the Indian government is likely to continue to increase iron ore export duty or a similar trade measures. It is understood that the earlier the Indian Government announced that from at 0:00 on the December 25, 2009 onwards, the country's iron ore export duty on iron ore fines from 0 up to 5% 5% lump ore from the original adjusted to 10% .

Xu Xiangchun that should first control the iron and steel production, speed up eliminating backward; Second, we must continue to step up efforts to rectify the order of the domestic iron ore chaos, while the domestic steel mills should continue to expand iron ore supply channels to speed up, especially about overseas interest in mine the pace and speed, should also accelerate the development of domestic mines, iron ore gradually reversing the kinds of adverse situations.

by: gaga

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