国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China leads iron ore price talks

By Jiang Wei (China Daily)
Updated: 2007-01-11 09:49

Suppliers' strong influence

This year's 9.5 percent price increase is expected to be absorbed through freight.
But experts warned the "leading position" in the 2007 negotiations does not mean everything.

Another price increase after rises over four consecutive years implied that suppliers still enjoy a stronger influence on the global market than buyers, said Xu Xiangchun, an analyst with Beijing Langesteel Information Consultation.

The three largest suppliers, CVRD from Brazil and Australia's BHP Billiton and Rio Tinto, control over 70 percent of the global iron ore trade.

When sellers talked about increasing capacity, the Australian firms had no plan to expand capacity in the near future.

Meanwhile, China's imports are expected to grow 9.2 percent this year. The Chinese steel-making industry is taking steps to reduce its dependence on these major miners.

Steelmakers and trading companies have had to apply for iron ore import licenses since 2005 to cut China's iron ore importers from 523 in 2004 to 118. The number is expected to decrease further this year as the import rules are tightened.

Official figures show large domestic mines produced 521 million tons of iron ore in the first 11 months of 2006, up 38.2 percent year-on-year, easing the tight market situation.

A number of steelmakers moved their factories to port cities last year to lower transport costs.

Shanghai Baosteel has built a new steel factory in the southern city of Zhanjiang. Wuhan Iron and Steel Corp has built a modern iron and steel works in Fangchenggang, also in South China.

Angang Steel Co has new plants in Yingkou in Northeast China. And another steel giant, Shougang Group based in Beijing, will complete its massive relocation to Tangshan, Hebei Province, by the end of 2010.


 12

(For more biz stories, please visit Industry Updates)



Related Stories  
呼玛县| 长丰县| 尼勒克县| 宝丰县| 安阳县| 响水县| 潞城市| 杂多县| 彭州市| 德州市| 永济市| 班戈县| 信阳市| 故城县| 雷山县| 成武县| 灵丘县| 永川市| 德安县| 平罗县| 西峡县| 阿图什市| 中江县| 讷河市| 岫岩| 乐陵市| 措美县| 泰兴市| 广东省| 密云县| 五莲县| 平利县| 灵石县| 宜昌市| 大关县| 临猗县| 莆田市| 钟山县| 精河县| 灵石县| 靖宇县|