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According to the practices, presently it is the time for the annual ore price negotiation. As the recovery of the steel mills in the worldwide as well as the tight supply of resource, the iron ore spot price surged since December of 2009 and the international investment banks also increased the...

Entering in 2010, China’s steel enterprises still face with great challenge, on one hand, they are deadlocked in the iron ore negotiation, one the other hand, they should eliminate the obsolete capacity with the country’ s industry policy. Recently reporters learned that some large-scaled...

China firstly changed from coal exporter to net importer. On January 12, General Administration of Customs released that China exported 2.07mln tons of coal in December and the total net import reached 89.10mln tons in the first eleven months, which indicated that China’ s coal import presented...

Since New Year’s Day, domestic steel market welcomed 2010 with the good state. The steel price climbed gradually, which made traders confident in later steel market and expect price hike further. However, some traders seem to notice the potential risks in the high price and take solutions as...

Baosteel: to increase price in accordance with market demand Ma Guoqiang, general manager from Baosteel explained the company’s price lifting strategy in the interview on December 16. He said that “it is mainly determined by both sides of supply and demand and is in line with the recent market...

Baosteel announced to adjust up most steel products for January of 2010 on December 10, a range of 300-600 yuan per ton. The price adjustment meant that the main products prices of Baosteel would be return back to the high levels of 2009. Baosteel regarded as price wide vane plays a dominant...

WSA appeals authority to examine BHP-Rio’s JV Industry insiders believed that iron ore market must stay competitive. World Steel Association appealed competitive administration organizations to fully examine the joint venture enterprises of BHP Billiton and Rio Tinto. Ian Christmas...

Mine giants required ore price to increase 10%-25% next year Insider learned the latest progress of the negotiation said that the global several mine firms required boosting 10%-25% for ore price next year based on the contract price of this year, which may increase the steel cost in auto...

FMG correct itself to keep iron ore price inked with China After the deadline of the financing agreement between FMG and China passed, there are many versions about whether FMG to fulfill the price agreement of 35% reduction inked in August with China Iron & Steel Association (CISA)...

Quality of China imported Indian ore was worried Starting from 2006 to October 2009, Xiamen Inspection and Quarantine checked out 228 batches of unqualified ore, weighed 9.04mln tons and valued U.S.$913mln, the fraction detective is 60.2%, 54.2% and 40.3% correspondingly. Thereinto, the...

CISA will tighten iron ore import standard Under the pressure of three ore giants lifting ore spot price, China began to speed up layout for negotiation. Well-informed personnel revealed that according with the steel industry’ s iron ore trade ore regulation issued in Feb. this year, CISA will...

Steel future contracts broke 10trl yuan On November 20, steel future and spot risks management senior was held by Shanghai future exchange in Hangzhou. It is learned that since the list of March 27, up to November 18, the steel future contracts reached 246mln hands accumulatively. Till the...

Shangang substantial integration starts 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...

Steel capacity shift to coastal regions is general trend 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...

Ore giants' alliance to form, China needs seeking for breakthrough 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...