Iron ore price increase of over 40% steel enterprises are too exaggerated pressure

Classification:

Team sprite

Release time:

2018-11-15

Yesterday (March 4, 2010), it was reported that with the surge in China's iron ore imports, the three major iron ore giants also played a "reluctant sale" card, releasing the wind claim that the minimum price of iron ore prices this year is 40. %. In addition, China Daily quoted the head of the iron ore department of a large domestic steel mill as saying that the three major mines have already proposed a 50% increase in the long-term iron ore price.

In this regard, yesterday afternoon, some domestic steel industry insiders generally said in an interview that the price increase is too exaggerated and unreasonable, and the pressure on steel enterprises is too great.

Long exchange price wants to see the spot price

In 2010, the international iron ore long association price negotiations are still in full swing, and the three major iron ore giants are urging steel companies to accept pricing at higher spot prices.

Another news also said that under the general bullish expectations of the market, the three major iron ore giants began to play the "reluctant sale" game, so that iron ore became a strange commodity during the negotiations.

It is reported that as of March 3, 63.5% of India's powder mines in the spot market have soared to 140-143 US dollars / ton, the highest price since 2009.

In addition, the latest data from “My Steel Network” also shows that the current spot price of 63% of Australian fines is converted into RMB at RMB 1,060/ton, while the price of the mine is 65% (including spot sea freight). + loading and unloading fee + insurance + VAT) is around 607 yuan / ton. "The spot price is about 70% higher than the long-term price." Zhang Tieshan, an analyst at "My Steel Network" yesterday, told reporters.

Earlier, the three giants have hinted through various channels that this year's iron ore price increase will not only increase by 40%. And their goal is also very clear, that is, let long-term agreement mine prices align with spot mine prices

“Beautiful Foshan. All the way forward” -------2018 Xinhang Group participated in the wonderful highlights of the 50km walk in F

Xinhang copper plate, note

“Beautiful Foshan. All the way forward” -------2018 Xinhang Group participated in the wonderful highlights of the 50km walk in F

Xinhang copper plate, note