The statements of the three most popular mines are

2022-07-29
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The "eye-catching" statements of the three major mines are in great contrast with the domestic steel mills

the "eye-catching" statements of the three major mines are in great contrast with the domestic steel mills

information on China's construction machinery

Guide: whether the boss of vale, the CEO of BHP Billiton, or the CEO of Rio Tinto, AI Bonian, who has just visited China, all unanimously affirmed the pulling effect of the Chinese market on its performance, And expressed a high degree of concern for the Chinese market, because China brings them

both the president of vale, the CEO of BHP Billiton, and the CEO of Rio Tinto, AI Bonian, who has just visited China, unanimously affirmed the driving effect of the Chinese market on their performance, and expressed "high attention to the Chinese market", because China brings them a broad market and enviable financial reports in their hands

BHP Billiton, the world's largest mining company, released its financial report for the first half of the year on Wednesday. It showed that in the first half of the year, the company achieved a net income of US $12.7 billion, up from US $5.9 billion in the same period of 2009, a year-on-year increase of more than 100%

BHP Billiton is not the only company with eye-catching financial reports. Not long ago, Rio Tinto released its semi annual report, which showed that its net profit in the first half of the year was US $5.85 billion, a sharp increase of 2.6 times compared with the same period last year. Vale's semi annual report shows that in the first half of this year, the company's iron ore production increased by 34. 4% year-on-year 5%, with a year-on-year increase of 146.6% in net profit

on the one hand, the huge profits of the upstream mines and on the other hand, the loss dilemma of the downstream steel mills. It is found that Baosteel recently released its semi annual report. Its net profit in the first half of the year was 669million, a decrease of 92.77% compared with 9.255 billion in the same period last year. In fact, this semi annual report is also a reference "specimen" for the sharp decline in the performance of China's iron and steel enterprises in the first half of the year. According to win statistics, the 15 listed companies that have disclosed the semi annual report suffered a total loss of 3.45 billion yuan in the first half of the year, which is far from being comparable to the profit of 14.805 billion yuan in the same period last year

in an interview, the senior management of a large state-owned steel plant in East China frankly said that some of the reasons are the machine itself. The steel plant is more like working for the mine, because the three mines are in a monopoly position. Although the steel plant's profits are constantly squeezed by many metal materials and infrastructure, even to a loss, it is still helpless. According to the previous data of CISA, 77 iron and steel production enterprises (except Shandong Rizhao and Shanxi Haixin iron and steel) with key statistics achieved a total profit of 50.718 billion yuan in the first half of the year, with a profit margin of only 3.47%

"their reason is very simple. The whole iron ore is in short supply. I can't meet your needs. I have to pay a high price. I want to double the growth. You don't want others. There's nothing to talk about." A person in charge of CISA said in an interview that there is always a continuous game between the steel mills and the three major mines

he said that the strong difference between the beautiful financial report and the dilemma of the steel plant reflected the monopoly position of the three mines. At present, the implementation of index pricing by the three mines is the best way to maximize profits. It is said that although the current quarterly pricing has only been running for two quarters, BHP Billiton has recently proposed to the steel mills to further evolve the quarterly pricing into a more flexible monthly pricing

"I am more worried that such monopoly will lead to the firmness of iron ore prices in the later period." Xuxiangchun, my director of iron and steel information, told me that a series of powerful measures have been taken to actively respond: 1. While ensuring that the wages of ordinary employees are paid in full and on time every month, the more flexible iron ore pricing means that there is more room for human manipulation. In the later stage, steel mills will still face the objective situation of excess production and low steel prices. According to common sense, iron ore prices should fall accordingly. However, it is possible that even if the steel plant is at a loss, the three mines can continue to raise the ore price by raising the sea freight and adjusting the supply volume. At that time, the main interface of the steel plant may face a more embarrassing situation

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