How does the hottest steel enterprise jump out of

2022-08-08
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It is reported that the Indian Ministry of steel plans to increase tariffs on the export of iron ore from the CIC advisory industry research center, that is, to increase tariffs by 5% on the basis of the original 10%. When the annual iron ore negotiations enter a critical stage, this will make the situation of Chinese steel enterprises such as Baosteel, which fell behind in the negotiations, even worse

as if facing a powerful opponent in a game, Chinese steel enterprises have little power to fight back in the negotiation and game with global iron ore giants and India. Judging from the current trend of the international iron ore market, it seems that Chinese enterprises can only passively accept India's tariff increase this time, without more choices

in March 2007, due to India's increase in iron ore export tariffs, there was fierce trade friction between China and India, and Chinese enterprises "fasted" for this, that is, refused to buy Indian iron ore. In the past, in the process of playing games with international iron ore producing countries, Chinese enterprises seem to be less. 1. According to the classification of movement mode: there is such a fierce response. However, despite the pressure of the "hunger strike" of Chinese enterprises, India insisted on increasing tariffs, and finally Chinese enterprises accepted the reality of tax increases

in fact, in all the international iron ore negotiations, India has always been the weight of negotiations between Chinese enterprises and suppliers, playing a balancing role. In 2006, China imported 75million tons of iron ore from India, accounting for more than 80% of India's total iron ore exports, amounting to $4.8 billion, accounting for one fifth of the total amount of iron ore imported by China that year

it is against the background of the high cost of the three iron clamps and the substantial price increases of ore giants for several times that India has jumped to the second largest iron ore importer of China, but this result also leaves hidden dangers for the current iron ore negotiations. In the first half of 2007, India dared to be serious with China because it saw that China's iron ore imports had a "high fever", and the purpose of increasing tariffs was to weaken the position of Chinese enterprises in the future iron ore negotiations

for Chinese enterprises, relying heavily on iron ore imports is like wearing a tight hoop. The situation of being subject to foreign iron ore suppliers is always more and more passive. From 2000 to 2006, the price of iron ore in the international market increased by 164%, and the average profit of iron ore suppliers was 57.9%; The price of steel products rose by only 60%, and the average profit margin of the steel industry was only 17.8%. China's steel exports soared, reflecting the strong release of new demand for iron ore in the short term. Therefore, the international investment bank said in a forecast that by 201, Ashland has always focused on the needs of customers and industries, and China's demand for iron ore will reach 457 million tons in 2010, an increase of 77.13% over 2005

analysts pointed out that this time India once again raised tariffs, which shows that the country has begun to find its own strategic space to make the possession of resources more effective and sustainable. India's tariff increase can be understood as the result of demand pull, dollar depreciation, blind import of steel enterprises and speculation by traders, but China's overheated iron ore import also played a role in fuelling the flames. This shows the passive situation that China is currently facing, because as the world's largest importer of iron ore, China, a big buyer, dominates the production but cannot dominate the price of raw materials, and is forced to "buy high and sell low", becoming the largest passive payer in Global trade

this is an abnormal phenomenon, which must be fundamentally changed. Some experts suggested that Chinese enterprises should jump out of the strange circle of struggling to cope with the annual iron ore negotiations, make use of global resources, increase cooperation in the exploration and development of overseas iron ore resources, actively participate in and control small and medium-sized mining companies, and even consider exchanging some steel mill equity for foreign iron ore resources. If the overseas equity mines of China's steel industry reach 200 million tons, the passive situation of iron ore negotiations will be significantly improved

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