How long will China's steel industry be stuck by i

China's iron and steel industry: how long will it be stuck by iron ore?

China's iron and steel industry: how long will it be stuck by iron ore? Previously, domestic diaphragm enterprises mainly focused on dry diaphragm.

China Construction machinery information

Guide: on the same industrial chain, the upstream eats meat and the downstream drinks soup. This is the current situation of the iron and steel industry. BHP Billiton, one of the world's three major mining giants, recently released a financial report saying that its net profit in the first half of 2011 was $13.124 billion (about 83.86 billion yuan), nearly double that of the same period last year

in the same industrial chain, the upstream eats meat and the downstream drinks soup, which is the current situation of the steel industry. BHP Billiton, one of the world's three major mining giants, recently released a financial report saying that its net profit in the first half of 2011 was $13.124 billion (about 83.86 billion yuan), nearly double that of the same period last year

before BHP Billiton, the results released by vale and Rio Tinto, the other two mining giants, showed that in the first half of the year, they achieved net profits of $13.3 billion and $7.6 billion respectively, an increase of 150% and 30% year-on-year respectively. The three companies made a total profit of $34billion (about 217.6 billion yuan). The lightweight body can extend the range of vehicle batteries

what are these numbers? A comparison is intuitive

according to the data recently disclosed by the China Iron and Steel Industry Association, the key steel production enterprises in the first half of this year achieved a profit of 56.374 billion yuan, of which Baosteel was the most profitable, achieving a profit of 11.133 billion yuan, accounting for nearly 20% of the profits achieved by the key statistical steel enterprises

in other words, the net profit of the three mining giants is nearly four times that of China's steel industry; BHP Billiton's net profit is nearly seven times that of Baosteel Group

in fact, this is not a new thing. Take 2010 as an example, the three mines achieved a total net profit of $48billion, which is 3.5 times the profit of China's steel industry. China's steel industry has long recognized that high iron ore prices are squeezing the profits of the entire industry, and has been hoping to reverse this unreasonable situation. In recent years, the Chinese delegation has taken great pains in iron ore negotiations. On the other hand, many steel enterprises have gone overseas and have also successively bought or invested in many mines. In addition, the China Iron and Steel Industry Association has been preparing to launch the China iron ore price index in an attempt to compete for the pricing power of iron ore

make the lower end of the steel ball perpendicular to the scale of the height scale requiring height. However, the latest data facts have proved that this extremely unbalanced situation has not been corrected, but has been further aggravated. More and more "starving" blast furnaces and high dependence on imports continue to put China's steel industry at a disadvantage in the iron ore negotiations. Some time ago, the three mining giants changed the annual pricing of transactions to monthly pricing, and tried to enter the components of the pressure testing machine and how to reduce the error of the pressure testing machine and promote it to the spot pricing method. Chinese steel enterprises began to face greater challenges

this makes people ask, how long will China's steel industry be stuck by iron ore

although the small and medium-sized mines purchased by Chinese steel enterprises overseas help to reduce the external dependence of iron ore, it is still difficult to change the monopoly position of the three mining giants; As for China's iron ore price index, although it is reported that it will be put into trial operation in August, it is in an awkward situation. CISA also admitted that it is difficult to affect the three major mines in a short time. At the same time, the current huge steel production capacity and the strong demand for the construction of affordable housing in the later stage, coupled with the impact of RMB appreciation, the expectation of iron ore prices continuing to rise has increased

it is conceivable that cost pressure will still be a thorn in China's steel industry for a long time. The sharp data contrast at the beginning will still jump out from time to time and hurt people's eyes. Only when the supply and demand structure of iron ore is reversed, and the current seller's market is changed into a buyer's market, can China as a demander really turn around and occupy an active position