Iron and iron alloy manufacturers are anticipated to weigh down the cost of procurement of metal ore
The world's biggest inorganic and metal and iron alloy manufacturers to perform mystery discussions on metal ore charges are going supportive the main heading of the metal and iron alloy manufacturers to evolve this year discussed agreement cost of metal ore provide may be considerably underneath last year's level.
Secretary-General of China Iron and Steel Association predicted that the single-Shanghua, iron ore exports of high-margin end of the era.
The world's biggest constructor of iron alloy pohang metal & iron alloy Company (Posco) said this week that, in outlook of the present financial position and feeble market demand, metal ore charges should be decreased to half the 2008 grade, which means that in 2009 the per ton of metal ore cost will be between 40-45 U.S. dollars.
POSCO looks frontwards to steel ore charge dialogues will be the end of this month. As the steel ore makers and hard metal manufacturers had desired to hold back for the circumstances in the worldwide economic procedure become clear, the dialogues had stalled. Including Australia FortescueMetalsGroupLtd. Including some tiny and medium-sized steel ore makers have showed that they organised to steel ore costs at prevailing stages a least 30% down.
Earlier this year, iron ore producers had hoped that the iron ore prices in 2009 to maintain the level in 2008. By February, the iron ore price increase is not more than 20% of them satisfied. Analysts say it seems now that the price of iron ore this year, down 30% at least the possibility of growing.
BHP Billiton (BHPBilliton) and Rio Tinto (RioTinto) The two companies have said that in the iron ore price negotiations will not be made public prior to the completion of their comment. BHP Billiton spokesman said the company is related to consumers not to comment on the negotiations.
However, Rio Tinto head of steel ore Walsh (SamWalsh) has said that he trusts that 50% of the charge assortment too high. Walsh fallen to ultimately be competent to chat about his scenery into what is the price.
Rio Tinto, BHP Billiton and Brazil's CVRD (Cia.ValedoRioDoce) and other steel ore makers had trusted that the world introduction of the assorted monetary spur evaluates will endorse the development of the makeup development, steel and hard metal manufacturers to advance the steel ore demand, they need steel ore to generate drive vehicles, equipment and makeup steel.
However, the market's demand for metal ore development did not occur. Rio Tinto this week disclosed that the first quarter of this year, the company's metal ore output over the identical time span declined by 15%. BHP Billiton is anticipated and CVRD metal ore output will furthermore decline. World iron alloy demand is anticipated until the summer before the advent of growth. This means that metal ore manufacturers and iron alloy manufacturers in negotiating the agreement cost of metal ore in 2009, when there is little room for maneuver, because of provide and demand edges should be before the end of April each year to finalize next year's metal ore agreement price.
BHP Billiton would like to abolish the present 12 months of metal ore charge scheme will absolutely wish that founded on location charges or some other cost catalogue to work out the agreement cost of metal ore. Iron ore location cost is actually round 50 U.S. dollars per ton fluctuations, whereas higher than that at the end of last year's reduced of 36 U.S. dollars per tonne, still underneath the record high of 120 U.S. dollars per ton. CVRD and Rio Tinto would like to sustain the living agreement charge, which is conducive to cost stability.
Minerals in the large-scale iron and steel producers and iron ore price negotiations still in progress, the number of smaller steel producers and iron ore producers have reached an agreement in the over-the-counter. Houston, United States, a small iron ore producer Cotton & WesternMiningInc. Announced that it has customers in China reached about 45 U.S. dollars per ton in 2009 prices of iron ore suppliers.
Some analysts expect that China, as the main importing countries, as well as the iron ore price negotiations for iron ore of the arbitrator in fact, the demand for iron ore in 2009 than in 2008 nearly 100 million tons.
China's iron ore imports of iron ore accounts for 80% of global trade. China Metallurgical Mining Enterprise Association said consultants ZOU Jian, China 2009 iron ore imports will be 350 million tons, which is lower than in 2008 443 million tons. He said that the decline in imports was partly due to China's domestic iron ore production continue to increase.
Pohang steel & hard metal financial gathering vice head of procurement of raw elements in a press distribute said that the charge prospects of both boundaries of deliver and demand change extensively, and substance financial gatherings like to only 20 out of 100 charge lessening, while we trust that steel ore costs than in 2008-09, a least 50% lessening in the stage of the year. - 18758
Secretary-General of China Iron and Steel Association predicted that the single-Shanghua, iron ore exports of high-margin end of the era.
The world's biggest constructor of iron alloy pohang metal & iron alloy Company (Posco) said this week that, in outlook of the present financial position and feeble market demand, metal ore charges should be decreased to half the 2008 grade, which means that in 2009 the per ton of metal ore cost will be between 40-45 U.S. dollars.
POSCO looks frontwards to steel ore charge dialogues will be the end of this month. As the steel ore makers and hard metal manufacturers had desired to hold back for the circumstances in the worldwide economic procedure become clear, the dialogues had stalled. Including Australia FortescueMetalsGroupLtd. Including some tiny and medium-sized steel ore makers have showed that they organised to steel ore costs at prevailing stages a least 30% down.
Earlier this year, iron ore producers had hoped that the iron ore prices in 2009 to maintain the level in 2008. By February, the iron ore price increase is not more than 20% of them satisfied. Analysts say it seems now that the price of iron ore this year, down 30% at least the possibility of growing.
BHP Billiton (BHPBilliton) and Rio Tinto (RioTinto) The two companies have said that in the iron ore price negotiations will not be made public prior to the completion of their comment. BHP Billiton spokesman said the company is related to consumers not to comment on the negotiations.
However, Rio Tinto head of steel ore Walsh (SamWalsh) has said that he trusts that 50% of the charge assortment too high. Walsh fallen to ultimately be competent to chat about his scenery into what is the price.
Rio Tinto, BHP Billiton and Brazil's CVRD (Cia.ValedoRioDoce) and other steel ore makers had trusted that the world introduction of the assorted monetary spur evaluates will endorse the development of the makeup development, steel and hard metal manufacturers to advance the steel ore demand, they need steel ore to generate drive vehicles, equipment and makeup steel.
However, the market's demand for metal ore development did not occur. Rio Tinto this week disclosed that the first quarter of this year, the company's metal ore output over the identical time span declined by 15%. BHP Billiton is anticipated and CVRD metal ore output will furthermore decline. World iron alloy demand is anticipated until the summer before the advent of growth. This means that metal ore manufacturers and iron alloy manufacturers in negotiating the agreement cost of metal ore in 2009, when there is little room for maneuver, because of provide and demand edges should be before the end of April each year to finalize next year's metal ore agreement price.
BHP Billiton would like to abolish the present 12 months of metal ore charge scheme will absolutely wish that founded on location charges or some other cost catalogue to work out the agreement cost of metal ore. Iron ore location cost is actually round 50 U.S. dollars per ton fluctuations, whereas higher than that at the end of last year's reduced of 36 U.S. dollars per tonne, still underneath the record high of 120 U.S. dollars per ton. CVRD and Rio Tinto would like to sustain the living agreement charge, which is conducive to cost stability.
Minerals in the large-scale iron and steel producers and iron ore price negotiations still in progress, the number of smaller steel producers and iron ore producers have reached an agreement in the over-the-counter. Houston, United States, a small iron ore producer Cotton & WesternMiningInc. Announced that it has customers in China reached about 45 U.S. dollars per ton in 2009 prices of iron ore suppliers.
Some analysts expect that China, as the main importing countries, as well as the iron ore price negotiations for iron ore of the arbitrator in fact, the demand for iron ore in 2009 than in 2008 nearly 100 million tons.
China's iron ore imports of iron ore accounts for 80% of global trade. China Metallurgical Mining Enterprise Association said consultants ZOU Jian, China 2009 iron ore imports will be 350 million tons, which is lower than in 2008 443 million tons. He said that the decline in imports was partly due to China's domestic iron ore production continue to increase.
Pohang steel & hard metal financial gathering vice head of procurement of raw elements in a press distribute said that the charge prospects of both boundaries of deliver and demand change extensively, and substance financial gatherings like to only 20 out of 100 charge lessening, while we trust that steel ore costs than in 2008-09, a least 50% lessening in the stage of the year. - 18758
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