hebei iron and steel group

Hebei Iron and Steel Group on overseas mining commanded the troops in West Africa
20100818 12:23 At 12:23 on August 18, 2010 DLo Forward to a friend
? Print




ÿ??l? By reporter Zhang Guodong each from Beijing

mYFV???????V_?FF??? "Entangled" in the iron ore negotiations so that more overseas Chinese steel enterprises seeking to speed up the pace of mine, Hebei Iron and Steel Group naturally not far behind.

810??FFLx??JSUNDANCE?L??h?pFV?lM?? August 10, Hebei Iron and Steel Group chairman, met with Yi-Fang Wang, general manager of SUNDANCE Australia chairman George Jones and his party, the two sides cooperate on matters of iron ore in West Africa had a conversation.

?_??FV???_???818??FFh????ÿ??????j??]?_whw?? "They have expressed joining us for the West African iron ore projects in the intention to cooperate." Yesterday (August 18), Hebei Iron and Steel Group, a leader of the "Daily Economic News" told reporters, "At present the two no specific co-operation started, the next step would be talk about specific projects. "

HV?FV?rCF?rn?bI??RI£p???FV??O?? Sentiment in the three major international mining of iron ore pricing mechanism will be closer to the spot price, the Chinese steel production and operation costs of enterprises are facing new challenges in the current control, the two sides negotiate iron ore project this really interesting.

V?P? Ore source stability is essential to steel enterprises

?????F???????PT?QMFV?}?? It is reported that earlier this year, Baosteel, Wuhan Steel, Anshan Iron and Steel, Hebei Iron and Steel and other steel enterprises in China more than a dozen executives, have jointly written to the relevant departments, hoping to solve the problem of iron ore imports rose to national level. ?FV?r?q??FI??LfC?R?l However, the iron ore price rise inevitable, help steel enterprises to control costs long association mechanism is also facing the situation of collapse.

?FW?@?72?jc_'?FV?r???15% My steel mesh data show that since July 2 start low round of iron ore price increase exceeded 15% rebound. ?63%63.5%???Vr???r_153?/155?/??Vr??r155?/157?/?^???FV?cn_?jÿ147?Krfh Of these, 63% ~ 63.5%, powder ore CIF India port offer has reached 153 U.S. dollars / ton to 155 U.S. dollars / ton CIF powder ore port in southern Brazil, quoted at 155 U.S. dollars / ton to 157 U.S. dollars / ton, is already more than Market rumors such as Rio Tinto iron ore suppliers and steel enterprises in Japan and South Korea the third quarter reached 147 U.S. dollars per ton pricing agreements.

??MFV???J????V???M?81.6% Over the years, China imported iron ore mainly from Australia, Brazil and India, in the first half, the three mines account for 81.6% of total Chinese imports. HVR@????HV??R?FV?\70% Monopoly of the international mining enterprises have obvious advantages, such as the International Vale three mining enterprises, monopolizing the global iron ore shipping capacity of 70%. RV??r?? Monopolistic advantage of stronger, mine asking price higher. P@???MFV?3.1|?L4.1%M?r?qM?r111.5?/??q47% Customs figures show imports of iron ore in the first half China's total 310 million tons, up 4.1%; but the average price of imports rose sharply, the average price of imports was 111.5 U.S. dollars / ton, up 47% year on year.

?bYF?T?s?V?FIP?FbI?FIh?"??@?IV?? Productivity experienced in the steel distribution business researcher Rong Liang He said mines crucial to the stability of the iron and steel enterprises in the steel industry chain, iron and steel enterprises have been in a weak position, so that the source of Chinese enterprises are eager to find mine.

M??_ Intended to collaborate on projects in West Africa

I??J?SFV?rCF?rnIl??????obI???µ Industry analysts believe that, with the spot price of iron ore pricing mechanism to move closer to the development of fluctuations in raw material costs increased significantly, to the steel enterprise production and management of cost control has brought new challenges.

?j?FFHb_5000fµ?V?y?Mb?QFV?o??@¶oz Currently, the actual capacity of Hebei Iron and Steel Group has reached 50 million tons, relying solely on the domestic deposit and can not meet the normal production of iron ore supply, mind you want to solve has been shown.

818??FF?KdJFFV?? August 18, Hebei Iron and Steel Group are not denied the group's thirst for iron ore. ???FFcJFV?_l?SUNDANCE?¡MbalamFV???_| In recent days, Hebei Iron and Steel Group is working with Australian iron ore development company SUNDANCE Mbalam Cameroon iron ore project to start their contacts. x??MbalamFV??_?R Yi-Fang Wang expressed the hope that Mbalam iron ore project in West Africa, can reach a consensus on cooperation.

?_??FV???_??818??FF???ÿ??????j??]?_whw?? "They have expressed joining us for the West African iron ore projects in the intention to cooperate." August 18, Hebei Iron and Steel Group is not named, responsible person of the "Daily Economic News" reporter, said, "now the two have not yet started specific cooperation, could talk about the next step will be based on specific projects. "

?SUNDANCE?jJ11FV?b?I??MbalamFV?? It is reported that, SUNDANCE is Australia's 11th largest iron ore producer, with operations concentrated in West Africa Mbalam iron ore project.

_lFV???K Development of iron ore in West Africa there are still many obstacles

McJ?FV?????HFV???�? While in Australia, Brazil and India, a major exporter of iron ore, Africa or the international iron ore market newcomers. ^?jS???D_FVY? But now, many large multinational companies have turned to look at iron ore mining in Africa.

??_???I? In fact, opening up markets in West Africa there are other Chinese companies figure. jFY1.678|?^arJ??VI?12.5%L??cFV?_l?729?Xc?sp?_l??âtSimandouFV? Previously, China Railway Materials to subscribe for 167.8 million pounds of mining companies in Africa 12.5% stake in iron ore development projects involved in Sierra Leone; July 29, the Rio Tinto Aluminium and formally signed in Beijing, the two sides will jointly develop Guinea West Mount Du (Simandou) iron ore project. Mâ?š?FV?YbLhdXc?lR_lLY??c?} Although the West Mount Du item withstand "world-class iron ore assets," "third world" aura, but the future in cooperation with Rio Tinto Aluminium is still facing a long development period, capital investment enormous pressure and so on.

??@?]?l?FF Again, this is also reminding interested in Hebei Iron and Steel Group commanded the troops in West Africa. ?IcFV_l????KL?FV??l?s????\??AO?Or?h??^_V??^?@?o_V@?? "China's enterprises to participate in the development of West African iron ore, there are many obstacles." Long-term iron ore project in West Africa He Rong Liang said, the African political instability, economic backwardness and transportation infrastructure is poor, leading to some areas of mining Additional costs are too high, they gave mining earnings instability. ?V?d??·F·?AO? "Mining ore in West Africa, to construct the port, road and rail infrastructure."

?I?J?_FV?Y??_???????¡???b??Lrg@??I??_? Many in the industry believe that, in West Africa to develop iron ore resources, there are many uncertain factors, and many projects, including Cameroon, the project put into production yet to really take a long time, this will push Chinese enterprises in the local mining costs. FV????FV?Y?FV???cR????]?? "In the iron ore negotiations, wanted to help the West African iron ore resources in three major iron ore suppliers to break the monopoly of the market, not likely in the short term."