Rio Tinto in the dramatic withdrawal from the "end" of full color 2009 Spy Game Iron ore talks After 2010, the face of the upcoming Iron ore Negotiation period, China's steel enterprises before the start of the negotiations, already chosen to "reflect on behind closed doors" as a new round of negotiations "ready."
Closed reflection "China Business" reporter learned that a few days ago, including Baosteel, China Steel and other large steel groups in China, including metallurgy, iron and steel companies, held a "closed-door meetings" reflect on 2009 Iron ore price Negotiation strategy, and role as a straw FMG and Mongolia, Brazil, small and medium producers of iron ore companies also participated in the meeting.
Prior to this, as the three major iron ore supplier Rio Tinto has announced that negotiations with the Chinese side is no longer, and in earlier time, CVRD has also rejected China's offer of negotiations, the upcoming 2010 Iron ore negotiations under such a delicate situation, has not started, or have struggled.
"In the future, between the upstream and downstream iron ore to better Cooperation We need to explore. "September 11, a senior Baosteel said in internal meetings that" China is 50% dependent on imports of iron ore. "
Previously, China Steel Association in 2009 iron ore negotiations in adherence to the "33% price reduction" conditions, while Rio Tinto, BHP Billiton, CVRD is unwilling to compromise, ultimately leading to the three major iron ore suppliers in China and termination of the 2009 negotiations.
But interesting is that as the world's three major iron ore suppliers Rio Tinto, BHP Billiton, CVRD none of the closed-door meeting with representatives.
Reporter learned that, at this meeting, the major iron and steel, metallurgy enterprises in the iron ore negotiations in 2009 China adopted the strategy summary and reflection. Sources told reporters that the meeting in the high-level, said Baosteel on iron ore supply worries after, FMG representatives "comfort" the Baosteel executive said, "We will change the rules of iron ore negotiations, small company, one change the rules, big companies go crazy. "
Helpless situation The world's largest iron ore buyer?? China, although there is no agreement with the three major iron ore suppliers, but the three major suppliers of iron ore business has not been too much, since the normal operation This may also have prompted the Chinese steel mills before the start of 2010, negotiations to reconsider the negotiation strategy of one of the motives.
Although nothing came of the negotiations with the Chinese side, however, three major iron ore suppliers and other buyers of cooperation did not stop, just after Rio Tinto announced its withdrawal from negotiations, and soon, the other iron ore providers Australian BHP Billiton said it has agreed to eight years from 2009 onwards, the South Korean Hyundai Steel to supply the total number of 22 million tons of iron ore.
Also in sharp contrast with the Chinese buyers were Nippon Steel, iron ore prices in 2009 is the starting price of iron ore seller and Nippon Steel formed, "Nippon Steel, and we have signed not only iron ore long-term agreements, as well as shipping, coke, etc, all of the purposes of long-term agreement. "insiders, one of iron ore seller told reporters.
Subtly, to suspend the talks in Rio Tinto, China's domestic steel prices had fallen, then the price of iron ore also fell to 80 U.S. dollars / ton. Equivalent to less than the price of long-term agreement.
Angang export sector is preparing information on the future of the steel price forecasts, but the volatility after it became apparent that no one dared to price jumping to conclusions. The situation of steel market next year, "very complicated, very hard to say." Anshan Iron and Steel official said the export sector.
Steel prices may be rising next year to say, hard to agree with the person in charge, "which go through careful analysis." However, the Anshan Iron and Steel general manager Zhang believes that prices still fell short. China National Chartering Corporation business unit head told reporters, "Only a small number of large steel mills and iron ore traders to buy in sporadically, most of the business of iron ore imports have been stopped." I am an expert from China Building Materials, usually analyzes all kind of industries situation, such as grapefruit seed extract oil , make goat milk soap.
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