Iron ore imports are less difficult to slow steel enterprises

Imported mineral prices once again stopped falling. "Not only the price of imported mines has rebounded slightly, compared with the previous period, and the supply has indeed decreased recently." On July 12, the business manager of the ore department of a trading company in Tangshan said. Some insiders pointed out that the decline in the previous period of mining prices is not the pursuit of profit-seeking international miners. In addition to spot bidding, strict control of shipments is also a "good trick" to raise the price of minerals. "By distributing false news, reducing shipments and driving up prices, it is a trick that miners often play." The above statement was responded to by the procurement department of Hebei's unnamed steel mill on the same day. Control shipments to push up the price of minerals? The latest data provided by my steel network shows that the current spot price of imported iron ore has rebounded and the price of mines has remained firm. The mainstream price of 63.5/63% of printing powder is above US$180/ton, up by US$4 from last weekend. Ton. Analysts said that the price of minerals has rebounded and rebounded. In addition to the weakening demand for the steel market, it is closely related to many measures of miners. The three major mines are currently using their strong position to conduct spot bidding frequently. “The domestic steel mills and traders are all coming to participate, bidding each other, and the price is high, so as to achieve the purpose of pushing up the price of the mine.” “Now many steel mills In the use of low-grade ore mining, but the port India low-grade minerals are lacking, which undoubtedly increased the psychological pressure of the purchaser." On the same day, the above statement was also responded to by the procurement department of Hebei's unnamed steel mill, "through the spread False news, reducing shipments and pushing up prices is a trick that miners often play," he said. Analysts also said that "the current iron ore port inventory is at a high of 90 million tons, but it is only enough for a national steel mill for about one month. If the miners continue to control the delivery, it will definitely push up the price of the mine." Imports fell by more than 2 million tons in June, which is still objective, but if it is reduced by more than 5 million tons, it is very impressive." A senior person in the industry said that June is likely to be the beginning of their (mining) control of shipments. Imports are expected to decrease even more in July. Imports reduced and difficult to slow steel enterprises low efficiency Customs statistics show that imported iron ore in May was 51.09 million tons, down 2.21 million tons from May. In this regard, Li Xinchuang, deputy secretary-general of China Steel Association, also responded at the Mysteel summer report conference. “It is predicted that there will still be room for growth in China's steel production in the next 5 to 10 years, but the growth will gradually decrease. As the domestic steel storage volume increases year by year, the scrap resources increase gradually, and the iron steel ratio gradually declines, which will help reduce steel production. The dependence on iron ore raw materials.” The reduction in imports is not enough to remove the cost pressure of Sinosteel. Although the import volume of iron ore has declined, the average import price has continued to rise. “The weighted average price of iron ore in the country in June this year was US$168/ton. The weighted average price of iron ore in the previous June was US$161/ton, compared with the average price of US$128/ton last year. The price of the previous year was only US$80/ T.” Hualing Iron and Steel Co., Ltd. said to the media that the iron ore price has risen steadily from the perspective of the overall environment. According to the above-mentioned steel mills, at present, steel companies are saving costs in raw material procurement and increasing profits per ton of steel. "Compared with 63.5% imported ore and domestically produced 66% fine powder, the maximum difference is 120 yuan in the sub-region, the minimum difference is 40 yuan to 50 yuan, and the profit of steel mills with agreement mines is 200 yuan to 300 yuan. Steel mills only purchase spot goods at the port, and the profit per ton of steel is between 100 yuan and 150 yuan." Of course, the substitution of domestic mines cannot be ignored. “When the iron ore price is lower than US$170/ton, the imported iron ore will increase. When the imported iron ore reaches US$200, the steel enterprises will use the inventory and domestic iron ore prices.” Liang Yun Futures Steel Researcher It is said that considering the cost of domestic iron ore affecting the world iron ore price, this year's fluctuation range is between US$170 and US$200.

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