Three Iron Ore Giants Emperor To Abdicate Chinese Steel Mills?? Did Not Listen To Out Of Stock -

At half past nine on the April 28, in the China Steel Association held the third

floor conference room, "the second time in 2010 the information industry conference." Nearly a half-hour conference, the progress of iron ore negotiations continue to be the most concerned about.

"As far as I know, no pause, iron ore negotiations, both sides have been in contact," the media "torrent"-like questions, CISA vice chairman Luo answer, but not difficult to see His tone and expression in addition to anger, but also slightly helpless.

The three major mining monopoly and the market demand with two trump cards, are more hard-line implementation of the "quarter of pricing," the facts have clearly before us. Difficult to predict, what will iron ore talks ended in what way; but it is certain that the Chinese steel industry is facing serious challenges and tremendous risks.

Outrageous: from "for a short break for the"??? Three wrist exhausted mine emperor to abdicate

4 month onwards deserted port and anxiously wait for the iron ore traders and steel mills, forming a great contrast. Continued strict control of iron ore from the supply can be found, the three mines on the steel force the emperor to abdicate and not the slightest relaxation of the mean.

In fact, from the beginning of this year, most of the steel from the three mines, where no one took enough goods. A high level of domestic steel mills told reporters, in addition to Vale, the only BHP Billiton to a boat early in the year, while Rio Tinto has not seen the boat.

"Goods only listen only." Frankly these people, the premise of the substantial increase in the price of the request, Vale attitude is very clear, is simply under the "ultimatum" and does not receive it as a threat to stop the supply, and the deadline reply.

Ore spot prices of the Chinese market as the benchmark, the three mines are constantly increased his asking price madness. It is understood that the negotiations from the beginning of last year, price increases of mine have been rising from 40% to the current 100% or even more. Moreover, the three mines also issued a formal announcement after another, announced a quarterly cash pricing linked to replace a long association model, a further transition to the index pricing.

More surprising is that from the current situation, even if the steel select "obedient" is not much in stock. This year, the world's major steel-producing countries have substantially increased steel production. Data show that a quarter of China's steel production increased 24.52%, 33% of global steel production growth, which increased by 50% in Japan, the European Union, up 37%, South Korea increased by 29%, exacerbated by rapid growth in demand for iron ore in the "short supply" situation , became an important bargaining chip in the hands of the three mines.

by: gaga

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