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Rio merger of the two steel enterprises in china abortion rights discourse can increase by ewfewggbh fwewe
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Rio merger of the two steel enterprises in china abortion rights discourse can increase by EWFEWGGBH FWEWE
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| Article Posted: 07/29/2011 |
| Article Views: 82 |
| Articles Written: 927 - MORE ARTICLES FROM THIS AUTHOR |
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Rio merger of the two steel enterprises in china abortion rights discourse can increase |
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Business,Business News,Business Opportunities
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"Two extension merger" makes
Iron ore The 2008 "Most Crazy Stone." Now the umpteenth.
Recently, BHP Billiton officially announced, giving up 90 billion valuation on Rio Tinto Australian dollars (66 billion U.S. dollars contract) in acquisitions. "Rio merger of two" failed to China and the world
c Is a positive. Time value in 2009
Iron ore talks Begins, China will account for more say.
Iron ore supply and demand have changed
BHP Billiton takeover of Rio Tinto, after a year, finally, "abortion."
In February this year, BHP Billiton, Rio Tinto takeover bid requirements on the purchase price of 3.4 shares of BHP Billiton shares for one share of Rio Tinto shares. If the transaction completed, the world's major suppliers of iron ore from BHP Billiton, Rio Tinto and Brazil's CVRD three reduced to two, will also control the lion's share of global iron ore market.
China has paid a heavy price. "'Two extension' of the merger tide coincides with global commodity prices, which exacerbated the market
Iron ore price Bullish expectations. China's steel industry in this release belly 'eat' into the 90 million tons 'high' iron ore. "A steel industry veteran told the reporter.
In Zhangjiagang port, iron ore stockpiling as much as once to direct berthing of large vessels can not, outside the port of unloading iron ore at one time formed a seat, "Iron Mountain."
Anhui Changjiang Steel Co., Ltd. Sales Manager Luo Jun told reporters, an unprecedented iron ore in this "gamble" in, with independent import and export traders and large steel heavy losses. "Many enterprises are 1700 to 1800 dollars buy, now or in even a fraction not to."
Many Chinese gamble big steel mills and iron ore traders abacus fall. Many steel mills into a loss of mud, the situation in 2009 or changes.
Today, leading iron ore negotiations in 2009 will be beneficial because China's steel market downturn to make iron ore supply-demand relationship has undergone fundamental changes. Early gamble with rising iron ore, China's large hoard of iron ore traders and steel mills, resulting in the weakening market demand for iron ore.
According to CISA statistics, as of October 21, China reach 89 million tons of iron ore port stocks. Secretary-General of China Iron and Steel Association, China alone is still held in the near future, said a steel workshop, the inventory means that even after Brazil's Vale off for China's self can also replace the imported iron ore.
Ore giant bent on betting the "China needs"
"China's iron ore market, the international iron ore supply to predators like a sweet fat mouth, even if the supply and demand balance transfer to the buyer's market situation, If you want to let go is not easy concession. "Lange Steel Information Research Center, Xu described the case.
Recently, the Australian mining giant BHP Billiton, led a delegation to China's largest private steel enterprises steel sand, trying to persuade to accept the new negotiations Sha Steel rule that the iron ore price index. Price index is based on a market price based pricing, the introduction of its long-term agreement means the contract price (the fourth quarter of each year a large steel mill and the "two extension" and Vale set for the next fiscal year's iron ore price) as a negative. November 26, CEO of BHP Billiton announced the cancellation of the high-REITs in the acquisition of Rio Tinto, also said the company will continue to strive to implement the spot iron ore pricing index.
Secretary-General of China Iron and Steel Association, said single-Shang Hua Zeming indeed, the Steel Association has returned to BHP Billiton, China's enterprises firmly opposed to index pricing.
"This is because the index is more easily controlled mining giant, an increase of uncertainty." The steel industry veteran, said the so-called index of prices, the first condition is steel to underwriting, that is steel and Mine first determine the huge supply of long-term, and then to determine the price based on the spot index, which makes the interests of business requirements clearly biased in favor of mine. I am an expert from China Hardware Suppliers, usually analyzes all kind of industries situation, such as plastic injection mold , coin wrappers.
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