subject: The Logic Of Iron Ore Wild Speculations - Iron Ore Prices, Steel Re - Steel Industry [print this page] "As long as Chinese steel mills have a dollar of profit, foreign ore giant, dared to you on prices."
China Steel Association, a veteran Daochu Iron ore Prices of logic, emotions, but also helpless. China's iron ore more than 50% of external dependence, there is no foreign iron ore, China can not produce so much steel. China have launched a blast waiting for iron ore "hack." Not stop as long as the stove, the demand for iron ore and not one day less. In this case, people simply can not bargain with the.
He said this evening, on the spread of the Nippon Steel and CVRD in Brazil the first news of the agreement, the 2008 agreement the international iron ore market price up 65% of the mine. Traditionally, the Chinese side will accept the outcome of the negotiations.
Few days ago, Baosteel Group Chairman Xu Lejiang suddenly let it be?? China Steel Industry turning point may come at any time. This sense of crisis does not change the way people judge the Chinese steel industry optimistic.
China's steel production capacity to expand rapidly. "Out of place, place the new; more control and larger." Macro-control Chinese steel industry is a direct result of the country staggering after the steel project will be implemented first for approval.
A few days ago, China's Steel Association members once again came news of an enlarged, if not Jiangsu Sha Steel Group's acquisition of successful restructuring in 2007, the top ten enterprises in China's steel industry-wide steel production will decline in the proportion of of. Decline was due to be launched in China's iron and steel projects large and small, developing too fast.
Yes, regional interests to stop the Chinese steel industry's restructuring process, and even led directly to the local small steel mills in the "expansion campaign." A prefecture-level city mayor drank wine, the pride that the local steel production has reached 60 million tons, but the number actually reported only 50 million tons. Assessment component of GDP in China has been far beyond the strategic significance of the overall arrangement of the steel.
Small steel mills in China to expand production capacity does not take into account the movement of steel chain requirements. "Iron ore resources to go around?" "First out on the talk!" China's steel industry, industry concentration in this context in order to significantly improve, almost impossible. The pressing demand for resources is on the rise.
Another set of data also remind the Chinese steel prices, the crisis will break out at any time.
2007, China Color coated Export share of total gross domestic production (the export proportion) is 40%, heat Galvanized plate Exports accounted for 25% Seamless Steel Tube Exports accounting for 21%, special Plate Exports accounting for 20%. There are a lot of similar data, the steel industry's worries have gradually surfaced. String of foreign steel products to China Anti-dumping Survey also indicates that trade policy risk has increased.
Iron ore resources overseas, a substantial part of sales are overseas, the expansion of China's steel enterprises movement is a reminder. Domestic steel prices have combined the need to accelerate the pace of restructuring, many in fact ineffective in increasing the risk of capacity expansion. In a chain of non-reciprocity, the Chinese steel enterprises for survival must be a little world perspective.
