http://www.trade2win.com/boards/ en Fri, 20 Nov 2009 22:42:10 GMT vBulletin 60 http://www.trade2win.com/boards/images/misc/rss.jpg http://www.trade2win.com/boards/ http://www.trade2win.com/boards/metals/79780-shangang-substantial-integration-starts.html Thu, 19 Nov 2009 03:31:20 GMT According to the introduction of Shandong Steel (Shangang), the company established purchasing, sales, capital and operation as well as coordination centers recently and appointed leading members for the four centers. Zou Zhongchen, chairman of Shangang said in a business integration... According to the introduction of Shandong Steel (Shangang), the company established purchasing, sales, capital and operation as well as coordination centers recently and appointed leading members for the four centers.

Zou Zhongchen, chairman of Shangang said in a business integration conference that it is necessary for Shangang to carry out the integration of core business and critical resource. The establishment of four centers marked that Shangang’s business integration starts.

Zou said that the business restructuring aims at realizing synergistic effect and seeking for maximum benefit. Shangang targets for trial operation before the end of 2009 and official operation in 2010. The integration is not a simple business overlay or copy previous mode, it must ensure exerting great effect.

For Shangang, the core business integration will be a reform and creation of management systems, such as globalized purchasing strategy, scientific as well as standardized purchasing mode. Principals from Shangang said that the company will continue taking the low-cost strategy, seriously analyzing the keystone of cost reduction and profit improvement, and etc. trying to start the integration well and fast.


For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/79780-shangang-substantial-integration-starts.html http://www.trade2win.com/boards/metals/79608-steel-capacity-shift-coastal-regions-general-trend.html Tue, 17 Nov 2009 03:23:06 GMT Whether Steel Industry Adjustment and Restructuring or the Steel Industry Development Policy in revised stressed that steel capacity will shift to coastal regions. “it is a big trend”, Li Xinchuang, director of Planning and Research Institute Ministry of Metallurgical Industry told reporters. ... Whether Steel Industry Adjustment and Restructuring or the Steel Industry Development Policy in revised stressed that steel capacity will shift to coastal regions. “it is a big trend”, Li Xinchuang, director of Planning and Research Institute Ministry of Metallurgical Industry told reporters.

With the historical reasons, most steel mills of China are located in cities presently and the layout is very unreasonable. Currently, the situation of oversupply is very serious in North of China and other mainland regions, while the coastal areas in the south with the booming demand are lack of production, which lead large quality of iron ore and steel to transport to and fro. The long-distance transportation not only added logistical cost, but also enhanced the contradiction of railway transport. Coupled with the pollution problems and urban expansion, it is the most urgent problem for steel enterprises to shift capacity to coastal areas.

The layout of Japan’s steel enterprises has a significant reference. The firms mainly lay in coastal regions and have great cost advantage in the obtaining of resource and energy, so the global competitiveness is very strong.

Therefore, Steel Industry Adjustment and Revitalizing proposed to promote the removal of urban steel mills to decrease environmental pollution. Till 2011, the capacity of steel enterprises along the sea will account for more than 40% of total production nationwide and the industrial layout is optimized apparently. The revising Steel Industry Development Policy also put forward that the unreasonable layout of steel industry will be improved till 2015 and the layout will be in line with the resource supply, transportation layout and market supply & demand in 2020.


For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/79608-steel-capacity-shift-coastal-regions-general-trend.html http://www.trade2win.com/boards/metals/79288-ore-giants-alliance-form-china-needs-seeking-breakthrough.html Thu, 12 Nov 2009 04:19:05 GMT Once Rio Tinto and BHP Billiton succeed in establishing JV, they will monopolize the iron ore resource worldwide further. At the same time, steel enterprises will be in disadvantage position for speaking in the negotiation, especially China’s steel enterprises who have not shared stocks with... Once Rio Tinto and BHP Billiton succeed in establishing JV, they will monopolize the iron ore resource worldwide further. At the same time, steel enterprises will be in disadvantage position for speaking in the negotiation, especially China’s steel enterprises who have not shared stocks with Australian miners.

Although China Iron & Steel Association (CISA) had issued the negotiation strategy and Rio Tinto showed friendliness to China on November 2, CISA still seems to lag behind in the starting line of negotiation of 2010.

On November 10, source from iron ore spot market noted that with no signal of production cut in domestic steel industry and strong iron ore demand, the spot price of imported ore from India firstly recovered to U.S.$100 per ton since mid-August, which exceeded 27% from long-term contract price of 2009. As for the bad situation, Luo Bingsheng, vice president of CISA admitted publically that “the three ore mines are the important targets for China, but China is in disadvantage stance in the negotiation. Three ore mines monopolize iron ore supply highly, so they can take many ways to affect price, which China is in the state of scatter”.

In view of the current situation, industry insiders pointed out that China’s steel enterprises should seek for new breakthrough just like last year. The latest data from Customs indicated that Australia, Brazil, India, South Africa and Ukraine became China’ s five largest importers in the first nine months this year, thereinto, the import increase from South Africa and Ukraine reached 144% and 91%, while it seems to ease China’ s dependence on the three ore mines. Analyst said that China can evade BHP and Rio’s strong attitude to seek breakthrough from Vale.


For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/79288-ore-giants-alliance-form-china-needs-seeking-breakthrough.html http://www.trade2win.com/boards/metals/79020-jigang-laigang-suspend-trading-shandong-steel-integration-may-adopt-three-one-mod.html Tue, 10 Nov 2009 10:38:59 GMT In the evening of November 8, Jigang and Laigang announced that “they are preparing for the assets restructuring, while both of them suspend trading from November 9 and Shandong Steel had purchase Rizhao Steel in September, which meant that the integration of Shandong Steel starts formally”. ... In the evening of November 8, Jigang and Laigang announced that “they are preparing for the assets restructuring, while both of them suspend trading from November 9 and Shandong Steel had purchase Rizhao Steel in September, which meant that the integration of Shandong Steel starts formally”.

Industry insiders forecasted that Shandong Steel may take after the restructuring mode of Hebei Steel, putting Jigang, Laigang and Rizhao Steel in one and Jigang is more likely to become the platform of the integration.

“The production line of Jigang and Laigang is similar and if the one is chose as platform of integration, the possibility of Jigang is larger with its stronger comprehensive strength”, a steel analyst said.

According to the data in Q3, the total assets of Jigang reached 28.8bln yuan, while Laigang was 16.2bln yuan accumulatively, additionally, the incomes of Jigang was at 18.7bln yuan in the first three quarters, while Laigang stood at 20bln yuan in the same period.

Besides, Jigang claimed a few days ago that it planned to issue less than 650mln stakes with 4.48 yuan per share for transforming the projects of converter and rolling mills.


For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/79020-jigang-laigang-suspend-trading-shandong-steel-integration-may-adopt-three-one-mod.html http://www.trade2win.com/boards/metals/78524-steel-production-rally-fast-but-price-present-down-trend.html Thu, 05 Nov 2009 07:24:40 GMT China’ s crude steel production rallied fast in the recent several months, while the net steel import has not changed apparently. The domestic steel market faces great pressure. In September, domestic steel index dropped dramatically, approaching to the lowest level in November last year. Industry... China’ s crude steel production rallied fast in the recent several months, while the net steel import has not changed apparently. The domestic steel market faces great pressure. In September, domestic steel index dropped dramatically, approaching to the lowest level in November last year. Industry experts warn that domestic steel enterprises should pay full attention to the demand and supply changes of the market, actively adjust the production and products structure to adapt to market demand.

Since this year, China’s steel production grew steadily. China’s crude steel output decreased 6.89% in H2, 2008, but the production amounted to 420mln tons in the first nine months this year, up 7.51% year on year. Thereinto, the daily output increased to 1.648mln tons in June from 1.329mln tons in Jan. and reached 1.69mln tons in September which inclined 32.97% from that in October last year, equivalent to 617mln tons of annual production. Luo Bingsheng, executive vice president of China Iron & Steel Association (CISA) believed that the steel enterprises and all departments should attach great importance to the fast growth.

The production increased, but the price presented down-trend. Data showed that since May this year, steel price rose and the price composite index reached 108.19 points in late August this year, but dropped to 102.65 points in September, which is basically in line with the lowest level of 102.3 points in November last year.

Industry insiders considered that the price drops directly attributed to the steel oversupply and the gloomy state of steel export. According to data from Customs, China exported crude steel of 16.723mln tons in the first nine months, down 98.3% year on year. However, owing to the falls of international steel price, China’s steel import surged. The import reached 18.09mln tons in the first nine months, up 36.6% year on year.

For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/78524-steel-production-rally-fast-but-price-present-down-trend.html http://www.trade2win.com/boards/metals/78338-set-chinas-investment-projects-australia-approved.html Tue, 03 Nov 2009 09:06:48 GMT According to the introduction of Australian officials, during the period that Li Keqiang, vice premier of State Council interviewed Australia, Australian government approved a set of China’s investment projects, including Yanzhou Coal Mining Company Limited to buy Australia Felix Resources Ltd.. ... According to the introduction of Australian officials, during the period that Li Keqiang, vice premier of State Council interviewed Australia, Australian government approved a set of China’s investment projects, including Yanzhou Coal Mining Company Limited to buy Australia Felix Resources Ltd..

It is introduced that Australia Felix Resources Ltd. is a listed company of Australian Stock Exchange, valued AU$3.4bln. At present, the company operates four coal mines, with the production of 9.3mln tons of raw coal in 2008. Two coal mines are being built which are set to output 12mln tons and there are also four exploration projects, with the total amount of coal resource of 2bln tons. Yanzhou Coal Mining plans to buy 100% shares of Felix Resources. The investment project has been approved by Foreign Investment Review Board (FIRB) recently.

Additionally, Baosteel is also approved to share interests with Australian Aquila. Aquila is also a listed company of Australian Stock Exchange, valued AU$1.7bln, including the major assets of five coal mines, three hematite and one manganese ore. Baosteel intends to buy 15% shareholdings of Aquila with AU$286mln, being its second largest shareholder.

Another approved investment project is China Guangdong Nuclear Power Holding Co.,Ltd. (CGNPC) to purchase the equity stake of Australian Energy Metals whose major assets are eight uran ore projects in North and West Australia. According to the agreement, CGNPC is scheduled to buy less than 70% shareholdings of Energy Metals and the investment totaled AU$70mln.

For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/78338-set-chinas-investment-projects-australia-approved.html http://www.trade2win.com/boards/metals/77980-how-far-iron-ore-china-mode.html Thu, 29 Oct 2009 03:20:31 GMT The iron ore negotiation of 2009 ended in the sigh of steel enterprises. China’ s goal of 40% reduction was helpless, except 36% preference of FMG, the three ore giants did not make a concession, so China’ s steel enterprises had to buy ore from spot market. Recently principal of China Iron & Steel Association (CISA) proposed to establish “China mode” in the new round of iron ore negotiation.

CISA explained “China mode” three important points. Firstly, the settlement time of iron ore trade is shifted from "April 1 every year-March 31 next year" to "Jan.1-Nov. 31", secondly, insist on the long-term contract, quantity-price interaction and preferential price with large quantity, thirdly, unified price, to determine an iron ore price (FOB) in different area, quality and mining enterprises and once settled, the price should be carried out by all enterprises and traders.

Shan Shanghua, secretary of CISA said that “China’ s steel mills do not ask steel enterprises in other countries and regions all over the world to refer to China’ s price, but they will not blindly follow up the inked price by other enterprises”. Shan pointed out that the agent system is required for carrying out the unified price. Industry insiders suggest that in the new iron ore negotiation, China should adjust and determine target based on economic situation and the supply & demand changes in future iron ore market.

The great dependence on imported ore, low concentration of steel industry, deficient competitiveness of steel enterprises and etc are all deep reasons to restrict iron ore negotiation. The related principal of CISA said that although facing with many difficulties, China as the largest iron ore market in the world should make a breakthrough in establishing new negotiation mechanism on the basis of its actual demand.


For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/77980-how-far-iron-ore-china-mode.html http://www.trade2win.com/boards/metals/77732-bhp-rio-released-report-q3-miners-may-lift-iron-ore-negotiation-price.html Tue, 27 Oct 2009 04:38:55 GMT Driven by the recovery of global steel industry, especially China’s excessive import of iron ore, BHP-Rio released the financial report for Q3 this year successively. Thereinto, BHP iron ore production set a record high in Q3 and Rio Tinto’ s output of iron ore grew 12% year on year. Analysts... Driven by the recovery of global steel industry, especially China’s excessive import of iron ore, BHP-Rio released the financial report for Q3 this year successively. Thereinto, BHP iron ore production set a record high in Q3 and Rio Tinto’ s output of iron ore grew 12% year on year. Analysts believed that the current iron ore production of BHP-Rio will affect the coming negotiation on ore price.

The performance reports of BHP-Rio present the strong iron ore demand. According to the report of BHP Billiton, the iron ore output set the record high of 30.10mln tons, up 1% compared with the same period last year. Rio Tinto stated in the performance report that “the company’s iron ore output has peaked 47.5mln tons presently, up 12% year on year”.

On October 15, BHP Billiton and Rio Tinto both claimed that the plan for JV enterprise changed. BHP and Rio Tinto decided not put iron ore sales into JV enterprise and they will independently undertake the latter’s all production, which indicated that China would negotiate with Rio Tinto and BHP Billiton respectively.

The aforesaid insider said that with the reviving of EU and US steel industry, the three ore giants will be emboldened in pricing. He told reporters that the “China price” may be difficult to be recognized. Meanwhile, according to the usual experience, in the progress of iron ore negotiation, the three ore giants will promote the ore price to fluctuate significantly, the market surrounding will be more serious and the operating risks in steel industry will enhanced.

For more information please click: www.chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/77732-bhp-rio-released-report-q3-miners-may-lift-iron-ore-negotiation-price.html http://www.trade2win.com/boards/metals/77624-gold-futures-trading-tips.html Mon, 26 Oct 2009 08:54:30 GMT Due to popular demand, I have decided to start a gold trading tip thread on this forum too. You can also view my other markets tips - FTSE and US Crude, and shortly will also be posting GBP/USD and Natural Gas tips. *_Gold (DEC) Trading Tip : 26 Oct 2009_* Current Level: 1055 Support: 1047... Due to popular demand, I have decided to start a gold trading tip thread on this forum too. You can also view my other markets tips - FTSE and US Crude, and shortly will also be posting GBP/USD and Natural Gas tips.

Gold (DEC) Trading Tip : 26 Oct 2009

Current Level: 1055
Support: 1047
Resistance: 1071

Gold has been moving sideways for a while now after its spectacular run as soon as it got through the 1000 mark. The market now remains neutral with a short term trading range between 1047-1071, we will only get a clear signal until one of these levels break. ]]> Metals TZ Futures http://www.trade2win.com/boards/metals/77624-gold-futures-trading-tips.html http://www.trade2win.com/boards/metals/77302-gold-rose-0-3-a.html Thu, 22 Oct 2009 10:27:57 GMT Gold however rose as investors deperately looked for alternate investment options other than the weak dollar. Darren Heathcote, head of trading at Investec Bank Ltd. in Sydney, said: "There are long positions building up. There’s a pretty good reason for it as we continue to see the U.S. dollar weaken daily. The market is becoming more comfortable with diversification and more people are looking to get gold.”


Gold for December delivery rose 0.3 percent to 1,067.25 an ounce. ]]> Metals demeanor http://www.trade2win.com/boards/metals/77302-gold-rose-0-3-a.html http://www.trade2win.com/boards/metals/77278-iron-ore-index-popularly-promoted-start-annual-negotiation.html Thu, 22 Oct 2009 01:44:01 GMT TSI index provides a foundation for long-term contract pricing to floating pricing and if index pricing is adopted, the annual iron ore long-term contract negotiation will not be needed. On October 20, Steven Randall, president of TheSteelIndex, a subsidiary of SteelBusinessBreifing, and his... TSI index provides a foundation for long-term contract pricing to floating pricing and if index pricing is adopted, the annual iron ore long-term contract negotiation will not be needed.

On October 20, Steven Randall, president of TheSteelIndex, a subsidiary of SteelBusinessBreifing, and his colleagues introduced the company’ s iron ore TSI index enthusiastically to the delegates of steel companies, iron ore trading companies, mining enterprises and investment banks all over the world.

With the start of iron ore negotiation, shareholders who intend to change the traditional iron ore negotiation mechanism begin to be active, nevertheless, there is a long way to make it, because the index pricing is not accepted by China’ s steel enterprises especially China Iron & Steel Association (CISA).

CBN reporters learned that currently there are three relatively influential iron ore index in the international market, that is, Steel Business Briefing’ s TSI index, MetalBulletin’ MBIO index and Platts’ s.

China, as the largest iron ore buyers shows no interest in index pricing and index trading presently. Shan Shanghua, general secretary of CISA restated recently that China hopes to maintain long-term contract trade, even expects to remove spot trade.

For more information please click: chinametalbiz.com ]]> Metals metalbiz888 http://www.trade2win.com/boards/metals/77278-iron-ore-index-popularly-promoted-start-annual-negotiation.html