1. China is the largest iron ore importer in the world. The annual iron ore purchased by China accounts for about 39% of the world's total iron ore output in that year. Therefore, the price of iron ore is of great importance to China. Moreover, the imported iron ore from Australia is not only of good quality, but also much cheaper than that from China
now Nippon Steel, together with POSCO, has negotiated with BHP Billiton for a price rection of 35%. ThyssenKrupp steel, on behalf of Europe and vale, has negotiated with Rio Tinto for a price rection of 36%. China does not agree. It has negotiated with Rio Tinto for a price rection of more than 40%. The reason is that China is the largest iron ore importer in the world {reasonable}. But Rio does not accept it, so it is still negotiating.
2. On the 11th, he held a face-to-face meeting with Australian Trade Minister Simon Crean in Shanghai. He talked about Hu's arrest, but more about a wider range of cooperation issues. However, Sha Hailin said the incident was too sensitive and not in his charge, and would not disclose more details of the conversation. Sha Hailin also told the morning post that his talks with Simon Kling on behalf of Shanghai were mainly about the counterpart of "commercial and trade departments", and there was no more consideration from other aspects. Simon klin appeared cautious in responding to the incident ring his temporary visit to Shanghai. However, some opposition parties in Australia have also shown more radical measures, hoping to pressure the higher-level leaders of the government to hold talks with China directly, and even ask China to release Hu Shitai through political means“ Foreign Minister Smith believes that "this has affected the investment and cooperation of Australian enterprises in China", which has been recognized by many people in Australia, "an Australian from the instry told Zaobao." on the other hand, the opposition party represented by Turnbull also takes advantage of this to challenge its opponents, In fact, there has been another debate in our country. " In fact, in the Australian business community, at least there has been a certain degree of vigilance. Yesterday, Andrew forres, chief executive of FMG, Australia's third-largest iron ore procer, told the media in Melbourne that it was too early to draw a conclusion on the impact of the Rio Tinto incident. However, when dealing with Chinese enterprises, it is necessary to pay special attention to the shareholders of the other enterprises. However, frost also said that the company's business in China was not affected by the "Rio Tinto spy case". He told reporters that although he could not represent the position of other companies, FMG has always been satisfied with the close ties with China's economy, and the ties have not weakened. He said that the number of FMG employees in China is small, and their behavior is beyond reproach.
3. Overcapacity has become a serious problem for the instry. Steel plants are faced with the urgent task of proct structure adjustment, transformation and upgrading, cost rection and efficiency improvement. In addition to the strict requirements of national energy conservation and emission rection and environmental governance, the whole instry is facing the dilemma of development. However, as the instrial base of the iron and steel instry, although the growth rate slows down, with more than 1.1 billion tons of proction capacity and 820 million tons of crude steel output, China is still the world's largest iron ore demander. In 2015, China's iron ore imports increased by 45 million tons, reaching 978 million tons. However, the grade of domestic mines is low, which can not meet the demand of high-grade iron and steel enterprises. In this case, China has to import a lot to make up the gap between supply and demand.
4. Australia's recent exposure is a bit high. In terms of China Australia relations, Australia has repeatedly jumped to test China's bottom line
this kind of iron ore has a very serious two-stage differentiation, either it is buried very deep and cannot be mined by current scientific and technological means, or it is relatively easy to mine because of crustal movement and the deposit is moved to the shallow surface, but the problem comes again. The grade of this kind of iron ore is generally not high. Sedimentary iron ore is formed by long-term precipitation and accumulation of ore-forming materials transported to lakes, oceans and other low-lying areas under the action of various natural forces. This kind of iron ore also has a huge gap between the rich and the poor! Hainan Shilu iron ore in China is sedimentary iron ore, and many sedimentary iron ore in China are lean iron ore. Therefore, the probability of occurrence of rich iron ore in sedimentary iron ore is not too high. But then again, the vast majority of the rich iron ore discovered in our world are sedimentary iron ore
5. Iron ore is a material commodity traded in large quantities for instrial and agricultural proction and consumption in the world. This kind of commodity can basically have proved reserves. Different from several precious metals, there are still unconfirmed deposits and new discoveries. There will be no major discovery of large-scale iron ore deposits. China also has such large-scale iron ore deposits, and the four Jiaying mining areas in Eastern Hebei Province are one of them, This kind of large-scale iron ore is mainly distributed in Luanxian area, Hebei Province. The proven iron ore reserves are nearly 8 billion tons, accounting for 71.97% of the total reserves of Hebei Province. The iron ore is mainly supplied to the Beijing Tianjin Tangshan Iron and steel base, which is one of the four super large iron ore belts in China. The Sijiaying Iron Deposit in Eastern Hebei Province is a typical sedimentary metamorphic iron ore deposit, and the main deposits are Qian'an Shuichang iron ore deposit, Zunhua Shirengou iron ore deposit, Zunhua iron ore deposit, etc Sijiaying Iron Deposit in Luanxian county is the largest
