China Steel Association severely criticized India ore prices artificially high water-filled

Release Date：2013/1/21 14:02:38 | Posted by：Dongguan Aohong Electronics Co., Ltd

Indian ore is ore the rare spot trading in China's imports of iron ore, while India's exports to Japan, Korea and other countries of iron ore has adopted a long-term agreement ".

In 2007, India's exports to China's iron ore prices rose as high as 127.96 percent, the highest in the country first of all exports of iron ore. April 28, Luo on behalf of the China Steel Association issued a strongly worded About India's exports to China iron ore price analysis report.

 

He pointed out in the report, compared to Brazil and Australia mine, the Indian mine has the characteristics of low-grade, high prices, the prices of fast. India iron ore price is relatively high, and both China and India should be "long-term agreement" to promote Indian ore prices return to the rational.

 

Luo analysts believe that Indian iron ore exports to China's iron ore price water is present. For example, Indian exports of iron ore prices in 2007 rose to 2.1 times that of Australia, which is 1.33 times that of South Africa. South Africa geographical distance away, iron ore grade is better than India, India's iron ore price increases more than South Africa, not rationality.

 

Told reporters on behalf of the domestic iron and steel enterprises, the domestic iron and steel enterprises in iron ore imports to India is a "love-hate relationship: domestic small and medium-sized iron and steel enterprises do not have the status of negotiations with BHP Billiton iron ore export giant, only from the market buy stock to meet the demand for iron ore, while India's iron ore types grade, suitable for a variety of needs for domestic small and medium-sized iron and steel enterprises, the Indian iron ore to alleviate domestic demand for iron ore tensions played a certain role. India iron ore price increases follow the trend of the international long-term iron ore price agreement, the spot price of iron ore over a long-term agreement price nearly doubled. Indian iron ore spot prices pushed up long-term agreements supplier of low-cost supply of iron ore Dan Xinsheng dissatisfaction, further prompted to raise the price of iron ore exports to China.

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