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On January 10, the General Administration of Customs announced the 2010 national foreign trade data. Among them, iron ore imports fell for the first time in 12 years.
In 2010, China imported 618.6 million tons of iron ore, a decrease of 9.99 million tons from the 627.6 million tons in 2009, a decrease of 1.4%. This is the first time since China’s imports of iron ore in 1998 and the year-on-year decline.
However, the average price of imported iron ore to shore was US$128.4/ton, which was 59.5% higher than the average landed price of US$79.9/ton in 2009; the amount of imported iron ore was US$79.427 billion in the year, compared with the whole year of 2009. The US$50.147 billion increased by US$29.28 billion (about 195.3 billion yuan) and the average price increased by 60.6%.
At the same time, the profitability of the Chinese steel industry in 2010 was only about 3.5%, which is far below the average level of 6% in the national industrial sector and is the lowest in all industries.
After paying more than 195.3 billion yuan to pay more than 190 billion yuan, it is ore users - the increasingly compressed profit margins of steel.
"After deducting the profitability of iron and steel conglomerates, many iron and steel producers are actually in a state of loss." A few days ago, in an interview with this reporter, the Chinese Iron and Steel Association Secretary-General Shan Shanghua said, "The most difficult steel industry The period has not yet passed."
On December 30, 2010, at the "2011 Iron and Steel Production and Operational Expectations Symposium," CSC Secretary-General Shan Shanghua pointed out that due to the substantial increase in raw fuel prices, the profit margin of iron and steel enterprises is the lowest in the national industrial sector. The level is less than half of the national industrial average.
Luo Tiejun, deputy director of the Department of Raw Materials of the Ministry of Industry and Information Technology, also said that the profit rate of the Chinese steel industry in 2010 is only about 3.5%, far lower than the average profit rate of 6% in the national industrial sector, and it is the lowest in all industries.
China Steel Association expects that in 2010, the total profit of key national iron and steel enterprises will be around 85 billion yuan, of which investment income will be nearly 8 billion yuan, and the profits of other main iron and steel production industries will be only 77 billion yuan. Among them, only Baosteel has a profit of 24 billion yuan, accounting for nearly one-third of the country's large and medium-sized steel companies.
In the face of continuing high raw material and fuel costs, the dream of Chinese steel companies to obtain reasonable profits has always been hampered.
On January 8th, Wang Hong, general manager of Xinyu Iron and Steel, said in an interview with this reporter: “With the premise that the rules of the game are well established, what we steel companies can do is to try our best not to negotiate alone. , For the industry to achieve a certain degree of synergy. "At present, Xinyu Iron and Steel imports of iron ore use rate of about 70%.
For iron ore import costs in 2011. Wang Hong said that he has not yet been informed of the quotation for imported iron ore in the first quarter.
According to the market circulation version, Vale's offer will increase by 8.8% to US$149/tonne in the first quarter of 2011; Rio Tinto’s offer will increase by 7.2% to US$137/tonne; and BHP Billiton will offer monthly pricing. The offer of $170/ton was up 2.4% from the $166/ton in December 2010.
On the 10th, Sheng Zhicheng, director of information on the Xiyuan Shinkansen (steel spot trading platform), analyzed the reporter: “From the perspective of supply and demand, it is currently in the off-season steel consumption, iron ore is also the off-season, and the price increase is questionable. If the imported iron ore maintains a high price, then the import volume in 2011 will continue to shrink."
The steel industry's solution to the difficulties In the view of the Chinese steel industry, in the past two years, the domestic mines that have clearly replaced imported mines are increasingly becoming an important pawn for solving the passive situation.
According to a statistical data from the steel analysis agency Mysteel, by the end of 2009, China's total domestic mineral output was 87.512 million tons, an increase of 12% year-on-year; in the first 10 months of 2010, the domestic mine output reached 87.049 million tons, which is basically equivalent to 2009. Annual production. At present, the dependence of Chinese steel companies on domestic mines has risen from 58% in 2009 to 63%.
According to the current level of importable ore prices, it is expected that many steel mills will continue to reduce the purchase of imported ore and increase the domestic ore ratio. A person in charge of the Hebei Jinxi Iron and Steel Plant told the reporter that many private steel mills in the Tangshan region are currently around 70%.
“The iron ore problem is not the supply and demand relationship, but how to break the monopoly issue. This is still promising.†Shan Shanghua told this reporter that “China is increasing investment in mines for one year. An increase of 200 million tons of domestic mineral production, while China currently has nearly 200 million tons of overseas equity mines, but after two or three years of efforts, the proportion of equity mines in imported mines can reach 60% to 70%. â€
As a short-term response, Wang Hong, general manager of Xinyu Iron and Steel, pointed out to the reporter that in addition to the traditional mainstream import channels, Chinese steel companies should also increase the import of iron ore from non-mainstream channels, such as Iran, South Africa, and Brazilian freshwater. Mining groups outside the valley, etc. Currently, these mines are increasing their supply to Chinese steel mills.
In 2010, China imported 618.6 million tons of iron ore, a decrease of 9.99 million tons from the 627.6 million tons in 2009, a decrease of 1.4%. This is the first time since China’s imports of iron ore in 1998 and the year-on-year decline.
However, the average price of imported iron ore to shore was US$128.4/ton, which was 59.5% higher than the average landed price of US$79.9/ton in 2009; the amount of imported iron ore was US$79.427 billion in the year, compared with the whole year of 2009. The US$50.147 billion increased by US$29.28 billion (about 195.3 billion yuan) and the average price increased by 60.6%.
At the same time, the profitability of the Chinese steel industry in 2010 was only about 3.5%, which is far below the average level of 6% in the national industrial sector and is the lowest in all industries.
After paying more than 195.3 billion yuan to pay more than 190 billion yuan, it is ore users - the increasingly compressed profit margins of steel.
"After deducting the profitability of iron and steel conglomerates, many iron and steel producers are actually in a state of loss." A few days ago, in an interview with this reporter, the Chinese Iron and Steel Association Secretary-General Shan Shanghua said, "The most difficult steel industry The period has not yet passed."
On December 30, 2010, at the "2011 Iron and Steel Production and Operational Expectations Symposium," CSC Secretary-General Shan Shanghua pointed out that due to the substantial increase in raw fuel prices, the profit margin of iron and steel enterprises is the lowest in the national industrial sector. The level is less than half of the national industrial average.
Luo Tiejun, deputy director of the Department of Raw Materials of the Ministry of Industry and Information Technology, also said that the profit rate of the Chinese steel industry in 2010 is only about 3.5%, far lower than the average profit rate of 6% in the national industrial sector, and it is the lowest in all industries.
China Steel Association expects that in 2010, the total profit of key national iron and steel enterprises will be around 85 billion yuan, of which investment income will be nearly 8 billion yuan, and the profits of other main iron and steel production industries will be only 77 billion yuan. Among them, only Baosteel has a profit of 24 billion yuan, accounting for nearly one-third of the country's large and medium-sized steel companies.
In the face of continuing high raw material and fuel costs, the dream of Chinese steel companies to obtain reasonable profits has always been hampered.
On January 8th, Wang Hong, general manager of Xinyu Iron and Steel, said in an interview with this reporter: “With the premise that the rules of the game are well established, what we steel companies can do is to try our best not to negotiate alone. , For the industry to achieve a certain degree of synergy. "At present, Xinyu Iron and Steel imports of iron ore use rate of about 70%.
For iron ore import costs in 2011. Wang Hong said that he has not yet been informed of the quotation for imported iron ore in the first quarter.
According to the market circulation version, Vale's offer will increase by 8.8% to US$149/tonne in the first quarter of 2011; Rio Tinto’s offer will increase by 7.2% to US$137/tonne; and BHP Billiton will offer monthly pricing. The offer of $170/ton was up 2.4% from the $166/ton in December 2010.
On the 10th, Sheng Zhicheng, director of information on the Xiyuan Shinkansen (steel spot trading platform), analyzed the reporter: “From the perspective of supply and demand, it is currently in the off-season steel consumption, iron ore is also the off-season, and the price increase is questionable. If the imported iron ore maintains a high price, then the import volume in 2011 will continue to shrink."
The steel industry's solution to the difficulties In the view of the Chinese steel industry, in the past two years, the domestic mines that have clearly replaced imported mines are increasingly becoming an important pawn for solving the passive situation.
According to a statistical data from the steel analysis agency Mysteel, by the end of 2009, China's total domestic mineral output was 87.512 million tons, an increase of 12% year-on-year; in the first 10 months of 2010, the domestic mine output reached 87.049 million tons, which is basically equivalent to 2009. Annual production. At present, the dependence of Chinese steel companies on domestic mines has risen from 58% in 2009 to 63%.
According to the current level of importable ore prices, it is expected that many steel mills will continue to reduce the purchase of imported ore and increase the domestic ore ratio. A person in charge of the Hebei Jinxi Iron and Steel Plant told the reporter that many private steel mills in the Tangshan region are currently around 70%.
“The iron ore problem is not the supply and demand relationship, but how to break the monopoly issue. This is still promising.†Shan Shanghua told this reporter that “China is increasing investment in mines for one year. An increase of 200 million tons of domestic mineral production, while China currently has nearly 200 million tons of overseas equity mines, but after two or three years of efforts, the proportion of equity mines in imported mines can reach 60% to 70%. â€
As a short-term response, Wang Hong, general manager of Xinyu Iron and Steel, pointed out to the reporter that in addition to the traditional mainstream import channels, Chinese steel companies should also increase the import of iron ore from non-mainstream channels, such as Iran, South Africa, and Brazilian freshwater. Mining groups outside the valley, etc. Currently, these mines are increasing their supply to Chinese steel mills.
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