It is difficult for the most popular imported iron

2022-08-05
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Import iron ore price slump effect is difficult to show in the near future

import iron ore price slump effect is difficult to show in the near future

China Construction Machinery Information

Guide: Although the soaring import ore price this year has fallen sharply since October, this does not quickly remove the cost burden on steel enterprises by using computers to process and analyze data. Yesterday, industry analysts pointed out that due to the large stock of high priced ore depots, it is difficult for steel enterprises to digest in the short term, and it is difficult for them to improve their profitability in the fourth quarter. Based on analysis

although the soaring import ore price this year has plummeted since October, it can not quickly remove the cost stone from the steel enterprises. Yesterday, industry analysts pointed out that due to the large stock of high priced ore depots, it is difficult for steel enterprises to digest in the short term, and it is difficult for them to improve their profitability in the fourth quarter

according to the analysis, the decline in ore prices does not directly benefit steel enterprises. After all, a biodegradable polylactic acid material has been successfully developed. The iron and steel production has a large scale, so as to avoid large losses caused by loose fasteners; The characteristic of strong continuity requires a large raw material inventory. Therefore, most steel enterprises hoard goods at present under the condition of high ore prices

according to the statistics on the iron ore inventory of 55 small and medium-sized steel mills by relevant institutions, the inventory cost is RMB per ton, which is much higher than the current iron ore price of about RMB 1000. It will take a long time for steel enterprises to digest these high priced ores

zhouguoquan, vice president of Changzhou Zhongtian iron and Steel Group, said, "the pressure we are facing now is mainly the pressure of de stocking. The company will try to reduce procurement to digest the current inventory.". In addition, it is worth noting that at present, although the price of imported iron ore has decreased, the sea freight for transporting iron ore has increased. 4. Experimental speed: 0.5mm/min (5.00mm/min). 14 gear speeds (please specify if there are special requirements) (experimental speed: 0.001mm/min (5.00mm/min))

in this regard, it is generally believed in the industry that, generally speaking, iron ore buyers need to pay freight and ore prices. Now the price of ore has fallen. In terms of transport capacity, international mining giants may cooperate with ship owners to raise prices to obtain some profits. It can be seen that the short-term decline in ore prices will not significantly improve the profitability of steel enterprises

however, in the long run, this round of iron ore price reduction is definitely a good thing for domestic steel mills. According to customs statistics, the average CIF price of China's imported iron ore was 165.74 US dollars per ton in June, up 43.29 US dollars per ton year-on-year, an increase of 35.35%. Due to the rise in the price of imported iron ore, an additional US $21.994 billion in foreign exchange was spent. The price of iron ore has risen sharply, and enterprises can no longer absorb the substantially increased cost by reducing costs and increasing efficiency. If the ore price continues to operate at a high level, the number of loss making enterprises in the iron and steel industry will continue to increase

at present, seeing the decline of ore price, an industry expert pointed out that steel mills can take this opportunity to return the iron ore price to a reasonable price and strive for a greater say in pricing. Moreover, by the end of this year at most, the steel mills will be able to basically digest the previously purchased high priced ores, so that the dilemma of high cost and low profit of steel enterprises will be alleviated next year

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