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Главная > Отраслевая информация > How to Maximize Use Your Iron Ore with the Help of Expendable Thermocouple
Отраслевая информация

How to Maximize Use Your Iron Ore with the Help of Expendable Thermocouple

2018-11-01

It is reported that Rio Tinto, one of the three major international miners, has informed Chinese steel mills that the iron ore contract price may rise by 7.6% in the first quarter of next year. The China Iron and Steel Association declined to comment on the iron ore negotiations.


It is very important to know how to maximize use your iron ore with the help of expendable thermocouple.

According to overseas sources, Rio Tinto has issued price increases to several major domestic steel mills. At present, Rio Tinto's price is generally US$128/ton, and may rise to US$138/ton in the first quarter of next year. According to another source, some Japanese steel companies have reached an agreement with Vale, one of the three major international miners, on iron ore prices in the first quarter of next year, an increase of about 7%.

At the 6th Bohai Sea Steel Market Forum and Lange Steel Network 2010 meeting that closed yesterday, Luo Bingsheng, executive vice president of China Steel Association, kept his mouth on the iron ore negotiations and declined to comment. He said last month that the international iron ore negotiations in the new year have already begun, and both the supply and demand sides have begun to contact and exchange. As far as the current information is concerned, the negligible negotiating position between the supply and demand sides does not seem to change.

Zhang Lin, an analyst at Lange Steel Research Center, pointed out that according to previous forecasts, international miners will push prices up nearly 7% in the next quarter. Since the second quarter of this year, miners have unilaterally implemented quarterly pricing, which is based on the Indian spot price of the previous months. For example, the price in the first quarter of next year will refer to the average CIF price of Indian spot mines from September to November this year. This model makes steel mills overwhelmed.

Luo Bingsheng pointed out that China imported 628 million tons of iron ore last year, and its dependence on foreign countries was as high as 62.3%, but the situation is changing. "The degree of dependence on foreign countries is declining. This year will be around 60%, mainly due to the increase in the proportion of domestic mines." At present, the proportion of China's equity mines is still significantly lower. It is reported that the equity mine projects built and built by Chinese enterprises abroad are about 192 million tons, accounting for about 30% of China's total imports.

Yao Ziping, general manager of Minmetals Development, believes that due to the joint efforts of financial capital and monopoly enterprises, iron ore trade is getting closer and closer to financialization. According to the data of the joint metal network, the current spot price of Indian spot mines is up to US$156/ton, which has been high for the past few months.

Expendable Thermocouple

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