Ministry Of Industry And Iron Ore Negotiations In Name Only Import The New Mechanism Proposed

April 15, China Steel Industry Association ("CISA")

, executive vice president Luo Bingsheng said that at present, three major international mining companies iron ore price negotiations with China is not, iron ore negotiations in name only; miners unilaterally to set prices, and then to offer domestic customers, steel mills it or not buy.

Luo said: "The current situation of negotiations, the three major mining monopoly on the use of the market, forcing mills to accept the price, if not accepted, the imposition of sanctions on the steel. This is a true monopoly!"

Hebei Iron and Steel Group International Trade Corporation told a reporter present, Hebei Iron and Steel Group and the co-operation model is mine, "not quantitative pricing", "import, but not settled", the price is "We all know that."

This means that the three mining companies present in China to take "one to one" negotiations, all steel imports, and prices were negotiated, rather than the previous steel by the 16 joint negotiations on behalf of domestic steel prices .

Currently, China Steel Association will focus on rectifying the order on the domestic iron ore imports. For example, the Commerce Department investigation recommended three mining monopoly behavior; call the domestic steel mills and traders to reduce or not to import iron ore grade of less than 60%; two months, three major mining companies not to purchase

15 morning news conference the Ministry of Commerce, the Ministry of Commerce spokesman Yao said the current anti-monopoly Authority under the Ministry of Commerce of the three major ore suppliers antitrust issues.

It is noteworthy that after oral China Steel Association called "grade of less than 60% against imports of iron ore," has received preliminary results. An industry told this reporter that at present, India's ore imports slow down, in addition to the original contract to continue the implementation of new contracts is limited.

China Metallurgical Industry Planning Research Institute start-Lee is opposed to domestic or imported less than 60% grade iron ore. "This policy came out, leading to more than 60% grade ore skyrocketing. 58% of the mine on the bad Why? This policy is unscientific."

In addition, departments are developing new iron ore import management mechanism. 15, Secretary Ministry of Industry and Yang new industrial policy, told reporters that the new iron ore import management mechanism will be referred to earlier in the Steel Association, "iron ore agent system" differ.

"The new mechanism will follow the WTO principles, not to engage in trade protectionism, but also on the consolidation of iron ore trade market advantage." Yang noted that the new.

According to report, has been in the Steel Union advocated large domestic steel prices, "iron ore agent system", hoping to prevent Daomaidaomai behavior. However, the system has not been approved by government departments, mainly iron ore agency taking into account the implementation of trade protectionism will be questioned.

Although China Steel Association and major domestic steel prices high on many public occasions declared that the implementation agency is the key to rectifying the order of iron ore imports, but also the industry and there are doubts.

One trader told reporters that the rent-seeking space agency is more abundant than normal trading. "Normally there are 10 minerals spread yuan / ton, while the agency costs to account for 3-5 yuan / ton."

Domestic ore, the Ministry of Land Resources, China Geological Survey Research Office, the Development Research Centre, said the reporter on prospects of gold, iron ore prospecting and land resources will intensify. "The next 10 years to 20 years, China's high demand for iron ore is rigid, so that one can not lose the domestic mining."

by: gaga

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