Brazil CVRD rejected by price after China's steel enterprises break goods
The request was China"s steel enterprises raise prices generally boycott, Brazil CVRD has laid out the last of the killer-break goods. Earlier, with "the Asian market price is higher than the European market reference low" for, the CVRD hope raised prices 11.0£¥ to 11.5£¥. Related reading: the steel association strict rejected CVRD raised the price
September 18,, the Chinese steel industry association executive vice-president and secretary general born security disclosure, "at present, has to stop CVRD Chinese mining barges, resulting in a large Chinese cargo loading port, to stranded Brazil China"s steel enterprises caused a huge economic losses."
Is one of wisco victims. 22, wuhan iron and steel group (hereinafter referred to as "present"), vice general manager of JiaBaoJun to our correspondent said: "we are strongly opposed to the price rise of the unilateral vale do Rio doce behavior, and will take effective measures related to deal with were stranded ships."
China"s largest private steel enterprise--jiangsu shagang group vice chairman JiaXiang Rong, also told reporters the truth: "we had a few ship indeed get trapped in Brazil port. CVRD behavior made us very angry, the bottom line is we, up a penny all not line."
But resist the CVRD? China"s steel enterprises face a difficult choice. The data from Lange steel in 2008, according to a 1-8 months, China"s steel enterprises total 270 million tons of iron ore import, and 22£¥ of it is from Brazil.
"Like latched on to the rockets." Hebei a iron &steel of a controller so to reporters describe the price of iron ore in recent years, "at present, fine powder has gone from 500 yuan/ton rose to 1800 yuan/ton. We ourselves have mine, to tell you the truth, this one is in recent years earn embarrassed."
The end of February 2008, Brazil CVRD long association ore price finalized last year for a 65£¥ of the mark-up. At that time, China"s steel industry association deputy secretary-general QiXiangDong points out, China"s steel industry at least need more spending $8.4 billion, $60 billion yuan RMB in China, and a long contract of large and medium-sized steel enterprise total profits but each year more than 1400 yuan.
Wisco in as an example, I steel nets analysts had festival-points out, iron ore prices for wisco an average increase of 73.10£¥, rising cost 1115.13 yuan/ton, for the highest annual calendar year.
But the material prices, China steel enterprises and not smooth transfer to downstream. Recently, the price of steel vane baosteel announced that its November steel futures prices generally cut 500-800 yuan/ton, then, of anyang, hangang, laigang, masteel, home to join the list of 25 steel mills, an average of 20£¥ callback range.
Boycott CVRD, who to make up 22£¥ of the iron ore import vacancy?
JiaXiang Rong to our reporter says, "not only is Brazil a place have mine, we will intensify efforts outside the iron ore import from Brazil, India, South America, Australia".
The steel association also in the planning "to the domestic ore in for Brazil ore". Main domestic iron ore production enterprise JinLing mining (000655 SZ) dong secret wang xin accepting our newspaper interviews that, if countries