Iron ore negotiations failed engineering machinery products price increase soon - iron ore, steel pr

Iron ore negotiations failed engineering machinery products price increase soon - iron ore

, steel pr

In the April 28 regular Japan-China Steel Association conference, published sources, this year the domestic steel enterprises and joint negotiations with the three mines ended in failure. Economic growth in the face of China's rigid demand for iron ore, many steel enterprises have chosen one to one talks, and the gradual introduction of quarterly pricing strategy. Affected by this, many industry insiders believe, including the demand for construction machinery and other large steel sub-industry basis, will inevitably be affected. " Steel The need for their own production company, agreed with the provisional price of procurement of iron ore mine. "In the 28 regular press conference, China Steel Industry Association executive vice president Luo Bingsheng some frustration. Although Baosteel as China's representatives are still trying to reach an agreement with the three major mines, steel mills have their own in various consultation situation, the traditional iron ore negotiations in name only. Construction Machinery Product price increases soon After 5 months of suffering, the iron ore negotiations, "music is not the end people have scattered," an emotional ending. With the monopolistic advantages that the three mines, abandoned the principle of win-win Ye Hao, said Financial Capital penetrate iron ore market, the pursuit of immediate interests to maximize worth mentioning, these are the short term can not change the fact. Previously, the Department of Industry and Information Technology committee member, has been appointed chief engineer of the external, said Zhu Hong, the Chinese steel industry is now facing a substantial iron ore price rise of pressure, the current industrial structure from the national point of view, steel and other basic raw materials industry, a large number of iron ore import channels need to be resolved. In this case, a sharp rise in iron ore prices if there is no doubt the steel industry will bring great pressure to run. In this case, to a substantial price rise is definitely sustainable and stable development of downstream industries is detrimental. Statistics show that China Machine tool Industry, heavy machinery, agricultural machinery and construction machinery in all 5.5 million tons of steel to more than 700 tons. If steel prices increase an average of 400 yuan / ton, the profit impact of machinery industry will reach 300 billion yuan. Ben Wang edit that construction machinery industry, the demand for steel is very large, because imports of iron ore prices lead to high costs will inevitably be transferred to the steel and other raw materials. Recalling the recent price hikes for iron ore by the impact of industries and enterprises are already many examples, some of the cost of construction machinery products rising, buyers and equipment when the purchasing power of asymmetry, the firm's product market will inevitably create problems even without profitable, have more compression capacity in some industries and even businesses closed on the phenomenon. Some few months before the surge in sales of construction machinery products, to some extent part of the user also takes into account possible future price increases pressure on reserve in advance to avoid the risk of mechanical equipment has also become one of the means. CSC analysis that the current construction machinery products in the combustion forklifts, Loader , Grader And Paver Other products will have greater pressure to raise prices; and medium-sized hydraulic excavators, concrete pump and Truck Crane Products such as better ability to shift costs. Among them, loaders, forklifts and other construction machinery manufacturers because of its many products and product technology is very balanced, virtually increase the degree of product homogeneity, profit is only on some one thousand of the loader is bound to face the risk of material transferred. Lesson three iron ore prices Some industry insiders pointed out that the iron ore negotiations the past two years into a "start to give people high expectations, but the outcome is not ideal," the cycle, in addition to the international mining of iron ore into a seller's market monopoly advantage prominent factors, the Chinese side there are some lessons to their own conclusion. First, negotiations should be sometimes change, "drag" is not a good idea. Review this year's iron ore negotiations, mine leaked late last year, up from 15%? 20% to 30% up early? 40%, to 90% now insist? 100% of the increase can be described step by step approach, layers of overweight. "We are in the beginning of a basic judgments, that iron ore market this year will become the leading vendor. Negotiate the beginning of the mine or the tentative offer, but with the gradual recovery in global steel industry, their rise stand firm price will only increase. From this perspective, iron ore negotiations, negotiated earlier than later on as well. "channel iron ore joint metal net charge DU Wei said. "With this year's revival of overseas steel mills and iron ore demand pick-up, China's voice in the iron ore market has been weakened to some extent, it thought the negotiations need to be changed from time to time, choose to follow Japan and South Korea Steel's quarterly pricing agreement is acceptable strategy. "" My Iron and Steel, "Vice President Jia Liang group think.

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