Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.
Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.

Tianjin Pengzhan Steel Pipes Co. Ltd.
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Strategies for the pricing mechanism of iron ore

(Summary description)

Strategies for the pricing mechanism of iron ore

(Summary description)

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According to a large steel plant in the North revealed that the current BHP, Rio Tinto has and vale, to comply with the current quarterly index of the agreement pricing. This means that the implementation of the past two years of quarterly pricing is likely to be more close to the spot price of flexible pricing.
Following the vale in accordance with the current index price cut four seasons of iron ore prices, BHP, Rio Tinto is also planning to change the original pricing mechanism of iron ore, to take a more flexible pricing. Starting in 2010, iron ore pricing mechanism from the annual price to quarterly pricing. According to quarterly pricing rules, every quarter of the agreement ore prices need to be determined by the first quarter of the spot price index. According to customs statistics, in September China's imports of iron ore average landed price of 175.92 U.S. dollars / ton, refresh the highest level in August and then rose 2.55 U.S. dollars / ton, the chain rose 1.47%, an increase of 23.02%. However, after the eleven national day, the price of iron ore has been a sharp dive, PB powder from the holiday before the $170 / ton down to 150 U.S. dollars / ton, and hit a new low this year, the spot price. Since the three quarter of this year, iron ore prices are high, so the development on the basis of the four quarter ore price agreement is higher in the current spot ore price formation upside down. It is the case, the three major mining options in accordance with the four quarter price index to determine the agreement ore price, thereby avoiding the impact of the lag.
"The European debt crisis and the international capital market turmoil on iron ore prices fell to play a role in adding fuel to the fire, but the biggest reason is caused by steel mills cut." Some analysts said that the current steel production in the early stage, with steel production maintenance expanded, iron ore demand will be reduced, crude steel production will steadily decline, while production is expected to directly affect the price of iron ore.
According to the survey, the current national relates to the blast furnace converter cut maintenance enterprises less than 10, influence the production capacity of about 1 million tons; steel production line maintenance enterprises reached more than and 30, affect the production capacity of about 1 million 500 thousand tons, the overall effect is smaller.

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