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Inhibition Of Iron Ore Into Steel Industry

It is reported that, "One of our tasks this year is to drop this

. One key is to control the iron ore price increases the pressure." April 9, Guochang Bo, general manager of Qingdao Steel Group, an industry conference in the case that . Iron ore, iron and steel industry has increasingly become a magic spell, miners gave their "mantra" asking price, the industry easily nervous, uncomfortable whole body. April 9, has been silent this year, Rio Tinto declared that it was iron ore, according to the author in consultation with customers from April 8 in the international iron ore market in 2010 to a research seminar on information access, 2015 The global iron ore production capacity will increase by the end of 2009 on the basis of 68%. If the new capacity will be fully up to capacity, that the current shortage of iron ore supply bottlenecks, will be neutralized. , Which imports from Australia accounted for 42% of the total, imports from Brazil accounted for 23% of the total.

As a production capacity 4 million tons of steel enterprises, Qingdao Steel is about 5.8 million tons per year of iron ore. According to the company's 2009 statistics, its imports of iron ore sources and rates were: Brazil, 52.24% ore, 40% of Australian ore, India, 7.76% Mine. While CVRD, Rio Tinto, FMG and other mining companies have long-term cooperation agreement. But more and more attention recently Qinggang the role of mining in India.

According to Guo Changbo said Qingdao Steel and Indian mines have long-term relationship, but last year had expired. India being a miner and long-term agreement to continue negotiations.

"After October 2008, by the international financial crisis, falling commodity prices, China's dependence on imported iron ore up by 70% of high." Zhang Ye, deputy general manager of China National Minerals Co., Ltd. that import a substantial proportion of growth made even more popular topic on the minerals. "Even if the current price compared to the historical peak in 2008, it was not too much."


Even if the stock fell below a long period of co-existence of the "abnormal" factors, but its dependence on imported ore can not change the short term, it is the metal iron and steel industry is almost a consensus.

April 10, Customs data shows that, in March of this year, China imported 59.01 million tons of iron ore, imports amounted to 5.989 billion U.S. dollars; a quarter of total imports of iron ore, 155 million tons, an increase of 18.0%, import value 149.3 100 million U.S. dollars, an increase of 42.4%.

Statistics show that China imported iron ore in 2009 totaled 628 million tons, of which imports from Australia accounted for 42% of the total, imports from Brazil accounted for 23% of the total.

by: gaga
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