Steel enterprises iron ore purchase channels tend to diversify

After the rupture of the long-term coal mine negotiation mechanism that has persisted for decades, it was replaced by the quarterly pricing system proposed by the international iron ore giant represented by Brazil's Vale. Vale recently announced in Shanghai that it has entered into a permanent or temporary agreement with all iron ore customers around the world to transition the contract price system to the index pricing system. The market continues to report that iron ore prices will increase by 30% to 35% in the third quarter of this year.

In recent years, several iron ore negotiations have ended with the increasingly expensive price paid by Chinese steel companies. The three major international mining companies have been unable to shake the strong voice, making Chinese steel enterprises begin to take a slant after the painful pain. Imported land and self-built shipping fleets will reduce the risk of violently fluctuating iron ore prices in a short-term transition.

According to a source from the Shangang Group, Shangang Group's iron ore overseas purchases account for 80%. In addition to major iron ore import sites such as Australia and Brazil, Shangang Group also imports iron ore from Chile and India. stone. 20% of iron ore is sourced from Shandong, Hebei, Northeast, Jiangsu and Hainan. In addition to the three major international mining giants, foreign suppliers include Australia's Luobohe Company, Australia's Hamersley Company and Chilean CM P Company.

A person from the Jinan Iron and Steel Group said that after the unfavorable news from the international iron ore negotiations in 2009, they focused on purchasing iron ore from India, Mongolia and other countries as well as Hainan Province in China, and previously from the Brazilian Vale. Imported high-priced iron ore mix and match. “Compared with Brazil's Vale, iron ore grades from India and other places are slightly lower, but the price is relatively cheap, which can effectively relieve the pressure from high-priced iron ore.”

In addition to finding mining companies with large overseas reserves, domestic steel companies have not missed the opportunity to cooperate with small and medium-sized mines. In April this year, Australia's small and medium-sized mine Brockman said it had signed a non-binding memorandum of cooperation with Sinosteel. According to the memorandum, Sinosteel will import up to 10 million tons of iron ore annually from Brockman in the next five years.

Xu Lejiang, chairman of Baosteel Group, said that China's imported iron ore source countries have grown to more than 40 countries; in addition to Australia, Brazil and other traditional resource countries, China is still in South Africa, Mongolia, Vietnam, Kazakhstan, Cambodia, Peru, Progress has been made in the investment of overseas resources in countries such as Argentina. Previously, Shanghai Baosteel Shipping Co., Ltd., a subsidiary of Baosteel Resources Co., Ltd., signed a contract for the construction of nine coastal bulk carriers with Jiangsu Dongfang Heavy Industry Co., Ltd. and Fujian Guanhai Shipbuilding Industry Co., Ltd. The industry believes that Baosteel Group can reduce the cost of iron ore procurement in the future by forming its own fleet.

The quarterly financial report released by Brazil's Vale in May shows that the diversification of iron ore imports by Chinese steel companies is very obvious. The financial report shows that in the first quarter of this year, Vale exported 27.62 million tons of iron ore to China, accounting for 42.1% of the company's total sales, while exports to China in the same period last year were 34.63 million tons, accounting for 66.5% of its total sales. . Compared with the fourth quarter of last year, Vale's exports to China in the first quarter of this year decreased by 2.69 million tons, a decrease of 2.2%.

At the same time as the transfer of iron ore imports, domestic steel companies have also increased the proportion of self-sufficiency by accelerating the excavation of their own mine resources. In March of this year, Anshan Iron and Steel Group's “Application Report for Approval of Reconstruction and Expansion of Old Iron Mines” was approved by the Ministry of Industry and Information Technology. After the implementation of the project, the output of iron ore under the Angang Group is expected to double in the next 10 years.

The plan includes an investment of more than 1.47 billion yuan to implement the renovation and expansion of existing iron ore mines. By 2015, the annual output of Angang Iron Ore will reach 68.5 million tons, and the annual output of iron concentrate will reach 23 million tons, which is 22.5 million tons and 8 million tons respectively. By 2020, the annual output of iron ore will reach 92 million tons, which is equivalent to doubling the existing scale, and its self-produced iron ore will meet more than 75% of the production demand at that time.

Also in the mines, there is also the Shangang Group. Shangang Group owns 8 mines including Jinling Iron Mine, Shandong Jinding Mining Company, Jinan Gangcheng Mining Company, Laiwu Mining Co., Ltd., Lunan Mining Co., Ltd., Shimen Iron Mine, Liuling Iron Mine Company and Laiwu Jinniu Mining Company. Enterprise. The recoverable reserves of 8 mining enterprises totaled 213 million tons, of which the iron ore fines capacity of Jinling Iron Mine was 1.18 million tons, the production capacity of iron fines of Laiwu Mining Co., Ltd. was 700,000 tons, and the production capacity of Jinding Mining's fine iron powder was zero. The average production capacity of the five iron concentrates was 203,600 tons. At present, Shangang Group has established Shandong Iron and Steel Group Mining Co., Ltd., which will integrate the existing mine resources in Shandong Province and increase the self-supply ratio of iron ore through the centralized use of resources.

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