[Iron ore] Chinese iron ore market trends 2

Currently iron ore market two major trends : First, the ore import growth fell to 4 years minimum, two homemade mine is substantial growth to curb rising ore prices play a role.
June 9-10 at the China Iron and Steel Industry Development Strategy meeting, China Metallurgical Mining Enterprise Association chairman Zou Jian, In connection with the recent price hikes of iron ore to steel enterprises raising the cost of this hot air their views, saying that the current iron ore market two major trends : First, the ore import growth fell to 4 years minimum, two homemade mine is substantial growth Ore to curb rising prices played a role.
In recent years, as domestic steel production capacity to fully release, iron ore products demand is brisk, the world's major import ore prices with China began the siege, five years experienced a 9%, 18.62%, 71.5%, 19% and 9.5% of the storm and stress-prices to domestic steel production costs brought about tremendous pressure. And the situation will be in 2007 may begin to be more visible improvements. Zou Jian said that the domestic price of the siege was forced to increase the scope of the use of iron ore mining. Although China's iron ore resources of the "lean ore and rich" As we all know, but now in desperation, lean ore has been fully utilized, the iron ore mining significant drop-off grade, north China, northeast China and other places is only 10%; abandoned tailings has been fully utilized; underground mining from the existing 300 meters to 500 meters deeper advance, 2006, the Chinese mine production reached 580 million tons, an increase of nearly 4%. 2007 will break 710 million tons, expand 20%.
Based on this, although in 2007 the demand for iron ore to seven incremental, 000 million tons, However, incremental domestic ore to meet the four, five million tons. Outer ore prices rising all the circumstances, the overall domestic ore cheaper price advantage into full play. Zou Jian said that China's iron ore has become inhibited the world iron ore prices rise too fast a major force. Rosaline Pi
Tian was optimistic estimates, the current long-term contract price of ore imports have nearly the same grade market trading price, reflect the international iron ore suppliers began leveling. Iron domestic price stability, which will increase China's imports in 2008 ore negotiations chips, the iron and steel enterprises will continue to increase the use of domestic ore volume.