subject: Japan's Iron Ore Resources In The Procurement System Specimens: Commercial Return First - Iron [print this page] We talk about Iron ore price Negotiations, often as targeting large-scale steel mills in Japan, with Nippon Steel like as long as they win the contest, the pricing of iron ore can be sure to win the initiative.
February 18 this year, CVRD issued a statement declaring that the Japanese Nippon Steel, Nippon Steel Corporation (JFE) agreement, most of the iron ore prices rose 65% in 2007, while the caraga Si powder ore as the higher grade, up 71% compared to 2007. News, China's domestic media outcry, and have accused the Japanese iron and steel enterprises in the Sun Zhao a result, China was again calculated.
In fact, overseas sourcing is a systematic project. Japan as a resource very poor countries, since World War II, gradually formed a set of production enterprises, trading companies, government departments KONE Cooperation The perfect resource procurement system, which was also known as the "development input system." In the system, ensuring the smooth Japanese iron ore, petroleum, natural gas, coal, aluminum, copper and other large long-term stable supply of overseas resources. In-depth understanding of the Japanese input system developed to help understand China's iron ore trade problems.
"Development of input system" sound and evolution of
Imports through low concentration of iron ore in China is beset the old issue of trade. In contrast, the United States, Japan and other developed countries, imports of iron and steel industry is concentrated on the upgrading done enough homework.
General, U.S. companies get mine through the ownership of the means (CaptiveMountain), direct control of the mine. Japanese companies are usually under the auspices of the trading company, signed a long-term agreements with overseas mines to develop a way input procurement.
According to the Japanese iron ore trade experts Tianzhong Zhang's study, Japan's general process of iron ore trade is as follows: First, overseas mines to the Japanese by Japanese trading companies or steel companies offer direct purchase; Iron ore talks Between the steel companies and mining commenced. Japanese steel companies in the domestic market competition, but the sourcing, they are very consistent pace. Representations of each mine, the Japanese steel companies have elected officers of the Clubs (best known is the Nippon Steel), commissioned by the negotiations on behalf of all steel. Trading Company will do our best to negotiate business relevant information.
Rapid economic growth during the last century, the Japanese iron and steel enterprise funds, personnel are lacking. Iron ore prices settled, the steel that is focused on production, followed by completion of all matters shall be referred to the trading companies. First, the trading company for imports Proxy Business. A kind of iron ore import, trading companies often by more than a dozen windows to agents. The election of a comprehensive trading company trading company further, as the General Trading Company to provide information, coordination of shipping distribution plan, participation in mine development.
Trading companies invested in the mining process also plays an important role. Early, Australia and iron ore suppliers often require the Japanese side in the mine development projects funded, this is replaced by the General Trading Company to complete the iron and steel enterprises. Japanese trading companies to take a small stake in the general way, the other sources of funding are: the background by the government of Japan Export-Import Bank as a bank officer, to organize themselves in all city commercial banks, to coordinate the group's way of financing investment.
Japanese scholars that the Eighties, comprehensive trading company by the oil crisis, recession, while iron and steel production enterprises in the international market improved. This context, comprehensive trading company and gradually reduce its import agent for iron and steel enterprises in Japan's role, turned to the global market for iron ore supplier's role in transformation. To Mitsui & Co., Ltd., for example, in 1996, the company financed, acquired India's largest private iron ore suppliers SesaGoa 51% stake in the company. In 2002, Mitsui and CVRD in Brazil to establish strategic alliances, in 2003 the parent company of Palaipaer Vale invested 100 billion yen, 15% equity participation, which she won the Vale of 5% of the indirect control Mitsui and to become the CVRD, BHP Billiton, Rio Tinto, the iron ore interests in the global resources of the fourth supplier.
