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Supply and demand of iron ore negotiations the two sides to have a "harmony" by zyzy wang





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Supply and demand of iron ore negotiations the two sides to have a "harmony" by
Article Posted: 01/13/2011
Article Views: 132
Articles Written: 2301
Word Count: 438
Article Votes: 0
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Supply and demand of iron ore negotiations the two sides to have a "harmony"


 
Business,Business News,Business Opportunities
The Ministry of Industry and Information Technology held in 2009 to run the communications industry annual industry briefing to announce the 2009 national industrial operation of the communications industry, introduced ten industrial restructuring and revitalization of the plan implementation. At a news conference on the iron ore negotiations, public letter to the Ministry expressed the hope that several major iron ore suppliers from the industry's long-term and fundamental interests, as well as with the Chinese steel industry's long-term friendly cooperation of view, to reach as soon as possible a fair and reasonable and acceptable to both sides of the price agreement.
In recent years, the rapid development of China's iron and steel industry, iron ore imports increased significantly in 2009, imported 630 million tons, the foreign dependency rate in 2002 to 44% to 69%. China is the world's largest steel producers and iron ore importing countries.
Public letter to the Ministry spokesman Zhu Hong Ren, taking into account iron ore is the main raw material for iron and steel industry, the stability of China's iron and steel industry and the national economy, the Chinese Government is very concerned about. China's iron ore negotiations, which are corporate self-discipline, the price determined by the market, at present China's iron and steel enterprises, represented by Baosteel to carry out negotiations with foreign countries. At present, from the outside, the international iron ore market by the Big Three have a monopoly, we hope that several major iron ore suppliers, it should be from the industry's long-term and fundamental interests, as well as with the Chinese steel industry's long-term friendly cooperation of view, as soon as possible to reach a fair and reasonable and acceptable to both sides of the price agreement. From our own case, that is, with the relevant departments in support of China Iron and Steel Association and the Chamber of Commerce common external Minmetals in talks on iron ore imports and recording system for imported iron ore market review of the flow to reduce the status of the internal disorder and disorderly competition between each other raise the price of iron ore.
It is reported that the major domestic iron ore port stocks once again the highest in nearly 3 months since a new high, the recent international iron ore spot prices has been relaxed. 25 "My Iron and Steel net" data show that cut-off January 22, China's major ports in 19 stocks of imported iron ore continued to rise, reaching 67.42 million tons.

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