Business News (Reporter Xiao Wei) According to data released by the General Administration of Customs yesterday, the total amount of imported iron ore in China showed its first drop in 12 years in 2010. At the same time, due to the sharp increase in import prices, Chinese steel companies have become the biggest victims of the iron ore monopoly era. Kitchen Faucets With Sidespray Kitchen Faucets With Sidespray,Kitchen Faucets With Sidespray Price,Kitchen Faucets With Sidespray Product Yuyao Zelin Sanitary Ware Co., Ltd , https://www.zelinfaucet.com
The data shows that China imported iron ore in 2010, reaching 618.6 million tons, a decrease of 8.99 million tons from the 627.6 million tons in 2009, a decrease of 1.4%. On the other hand, the annual import of iron ore amounted to 79.427 billion US dollars, an increase of 29.28 billion US dollars from the total of 50.147 billion US dollars in 2009, equivalent to 195.3 billion yuan, and the average price last year was 128.4 US dollars / ton, an increase of 60.6. %.
According to relevant sources of China Steel Association, as the end user of iron ore, China's steel industry's full-year profit in 2010 was 85 billion yuan, after deducting investment income of 8 billion yuan, the main business profit was only 77 billion yuan. A related person from the Ministry of Industry and Information Technology also said that the profit rate of China's steel industry in 2010 was only about 3.5%, far below the average.
In 2010, it was very difficult for the Chinese steel industry. From the beginning of the year, the three major international mining giants toughly used quarterly pricing to replace the annual agreement. Since then, iron ore prices have risen from less than $90/ton in January to $146/ton in December, an annual increase of 62%. The three major iron ore giants have harvested huge profits.
What is more noteworthy is that although the number of domestic mines increased last year, at this stage domestic mines can only play a limited substitution role, and the three major mining giants are still in an absolute monopoly position. Therefore, industry analysts predict that in 2011, iron ore prices will continue to climb, and the world's largest buyer, China's steel companies in the short term may not be able to get rid of the nightmare of high-priced iron ore.
China imported iron ore last year spent 195.3 billion
Abstract Commercial News (Reporter Xiao Wei) According to the data released by the General Administration of Customs yesterday, the total amount of imported iron ore in China showed its first drop in 12 years in 2010. At the same time, due to the sharp increase in import prices, Chinese steel companies have become the biggest victims of the iron ore monopoly era. ...