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With international and domestic steel market demand, a serious decline, the Chinese iron ore prices expected to significantly diving. Latest figures show a continuous 10 year iron ore production in China ranks first in the current Jiucheng mining enterprises in Hebei Province have ceased. Management departments in Hebei Province, said metallurgical, mining, "profiteering" era is over. China's iron ore reserves of the second, the first production in Hebei Province, mine resources and rich in iron ore accounting for the largest. In 2007 in Hebei iron ore production 87.3 million tons, accounting for the world Iron ore 73 per cent of production. Iron and steel industry in the province for seven consecutive years of high growth has also led to the mining industry to flourish. All abrupt end in August this year, however, to make sudden drop in the economy has shrunk more than half the price of ore. Global financial crisis, the province's mining enterprises have been clearly aware of the obvious "turning point" to come. "From September has been depressed by the impact of iron and steel industry in Hebei, many enterprises began to shutdown, so far has reached Jiucheng." Metallurgical Mine in Hebei Province to monitor the Director of Information Management Office, told reporters later growth , "Hebei iron ore companies have more than 4000, most of mine are small and medium enterprises. from the August date, iron ore prices down by more than half, 'bottom' to almost cost price. almost all businesses and most of the dressing The mining companies have been discontinued. " Later growth that the reason for the reduced production of steel prices has led directly to the operating difficulties of mining enterprises, the real estate market and the machinery industry downturn, it has fundamentally restrict the production of mining enterprises. By the global financial crisis, this state will continue, not much room for short-term rebound. Reporter learned that, Tangshan, Zhangjiakou, Chengde and other places in this year's wet-grade iron ore prices from 1200 yuan fell about five or six hundred dollars are now majority. Shijiazhuang an operating mining equipment Proxy Business told journalists that more months of business depression, the mine owners are mostly in watching the market, but some companies take advantage of cut-off already had the intention to upgrade equipment, high-tech equipment should be after market. For the price of "diving" and a wide range of discontinued later growth interpreted as a "reasonable return." He told reporters: "profiteering is over, that does not mean paralysis. The current crisis is an opportunity for survival of the fittest, we should seize this opportunity for rational planning, to adjust industrial layout, and more assistance to some high value-added , high-tech, large enterprises with social responsibility. In the long term for the integration of resources in Hebei Province, eliminate backward production capacity, will have great energy saving benefits. " Same time, the provincial government's support was strengthened. Chengde has begun to "rescue", in addition to tax relief, the Government gave funds into enterprises. The mine management information systems have gradually trained staff, the operational state of the market for the mining enterprises can quickly understand and avoid a lot of herd behavior. Metallurgical Industry Association of Hebei Province, said China is in the industrialization and urbanization and the development stage, domestic consumption and investment demand is still much potential, steel and ore market will not be long-term downturn. I am an expert from china-leather-handbags.com, while we provides the quality product, such as China Ladies Leather Backpacks , Men Leather Backpacks Manufacturer, Ladies Leather Hand Bags,and more.
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