Temporary discount CVRD steel ore sales to China
According to Shanghai Securities News described that hold ups in the worldwide metal ore discussions spectacular, simultaneously with the market worsening, metal ore charge scheme has a more perplexing situation. 21, one of the three foremost excavation business Vale do Rio Doce handed out a declaration the business said in 2009 metal ore agreement discount will be taken to the provisional implementation of such a flexible kind, that is, 80% of the cost paid in money and another 20% of the buy cost will be in 2009 after the end of the year to pay the cost negotiations.
CVRD said the contract will be implemented in 2008 as a temporary price of the benchmark prices, in 2009 after the end of the benchmark price negotiations will be based on the results of their adjustment. As is customary, CVRD and Asian steel prices will be the benchmark price negotiations in the April 1 each year, but have not seen any of the current negotiations. The past year in the new price is not supply and demand sides are pre-released last year settled a long ADPL prices, but the market downturn this year, mine was to make concessions.
CVRD Zhu, head of China said it would desert the long-HS charge first right to converse the price. "We are the motor, and now we plan to back the." Zhu said, the financial gathering will advance this year to 25% lessening, while advancing sales efforts in China. He trusts that CVRD's yield more competent in China, as more large-scale prospecting financial gatherings a cost superiority is looked frontwards to to cost about 100 million tons of steel ore deliver will be more competent manufacturers in lieu of.
It is appreciated that the first quarter of CVRD's metal ore to Europe fallen by nearly half, while metal ore trade items to China expanded by almost 40%, because of its iron alloy mills and China marked several little and medium-long agreement for the provide of ore Association.
In item, it is in addition the CVRD prospecting financial gathering in Australia to chase the selling strategy. According to announced basis, the prevailing prospecting financial gathering in Australia to China Steel's sales approach was "long-term accords on hard metal, 80% of developments to non-agreement is 60% of families, non-agreement is the windup of the customer, or a new accord to indication the accord hard metal mills, prospecting financial gatherings are at the matching time site market sales, a solitary recommended, virtually tender, greater than the minimal is to get a cargo. "
Association in accordance with the 2008 prices of the year long, Australia 63.5% of the powder grade ore FOB prices for 91.6 U.S. dollars / ton, 76 U.S. dollars for Brazilian ore / ton. Tang Qi, general manager of Wuhan Iron and Steel Group, Lin said that the end of last year also if the Chinese steel mills in 2008 in accordance with the Association of the long procurement of iron ore prices will not survive. - 21396
CVRD said the contract will be implemented in 2008 as a temporary price of the benchmark prices, in 2009 after the end of the benchmark price negotiations will be based on the results of their adjustment. As is customary, CVRD and Asian steel prices will be the benchmark price negotiations in the April 1 each year, but have not seen any of the current negotiations. The past year in the new price is not supply and demand sides are pre-released last year settled a long ADPL prices, but the market downturn this year, mine was to make concessions.
CVRD Zhu, head of China said it would desert the long-HS charge first right to converse the price. "We are the motor, and now we plan to back the." Zhu said, the financial gathering will advance this year to 25% lessening, while advancing sales efforts in China. He trusts that CVRD's yield more competent in China, as more large-scale prospecting financial gatherings a cost superiority is looked frontwards to to cost about 100 million tons of steel ore deliver will be more competent manufacturers in lieu of.
It is appreciated that the first quarter of CVRD's metal ore to Europe fallen by nearly half, while metal ore trade items to China expanded by almost 40%, because of its iron alloy mills and China marked several little and medium-long agreement for the provide of ore Association.
In item, it is in addition the CVRD prospecting financial gathering in Australia to chase the selling strategy. According to announced basis, the prevailing prospecting financial gathering in Australia to China Steel's sales approach was "long-term accords on hard metal, 80% of developments to non-agreement is 60% of families, non-agreement is the windup of the customer, or a new accord to indication the accord hard metal mills, prospecting financial gatherings are at the matching time site market sales, a solitary recommended, virtually tender, greater than the minimal is to get a cargo. "
Association in accordance with the 2008 prices of the year long, Australia 63.5% of the powder grade ore FOB prices for 91.6 U.S. dollars / ton, 76 U.S. dollars for Brazilian ore / ton. Tang Qi, general manager of Wuhan Iron and Steel Group, Lin said that the end of last year also if the Chinese steel mills in 2008 in accordance with the Association of the long procurement of iron ore prices will not survive. - 21396
posted by X - Men @ 2:00 AM
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