The hottest European steel union strongly opposes

UESTC strongly opposes the substantial price increase of iron ore producers

UESTC strongly opposes the substantial price increase of iron ore producers

China Construction machinery information

Guide: the European Iron and Steel Industry Union issued a statement on its official website on the afternoon of the 11th local time, saying it strongly opposes the intention of iron ore producers to raise prices by 80% to 90%. UESTC believes that the current recovery of the steel industry is fragile, and the sharp rise in raw material prices will have a serious impact on the overall economy

the European Union of steel industries issued a statement on its official website on the afternoon of the 11th local time, saying that it strongly opposed the intention of iron ore producers to raise prices by 80-90%. Eusteel believes that the current recovery of the steel industry is fragile, and the sharp rise in raw material prices will have a serious impact on the overall economy

in this statement, eusteel used the word "indignation" to describe the reaction to iron, while Russia took the chabime sample ore producer to raise the price by 80% - 90%. UESTC attacked that even when the global economy almost bottomed last year, iron ore producers still had a profit margin of up to 50% before interest and tax. In contrast, the performance of the steel industry fell sharply, and ArcelorMittal, Europe's number one steel mill, even recorded a loss of $1.68 billion in fiscal 2009

UESTC said that if the sharp increase in iron ore prices becomes a reality, it will not only impact the steel industry, but also the downstream manufacturing and construction industries, ultimately affecting the entire consumer market

UESTC pointed out that the steel industry is worried about the high concentration of iron ore production. At present, the international mines led by the "two development projects" in Australia and vale in Brazil have an absolute say in the supply of iron ore. UESTC said that it had expressed its concern to the EU antitrust department that iron ore producers may abuse their pricing power in the negotiations, and once again stressed the plan of Rio Tinto and BHP Billiton to establish a joint venture trapezoidal screw, which will be exacerbated by the 10 minute small USB type-C connector

steel mills in Europe, Japan, South Korea and China are the main rivals in iron ore negotiations at the three major mines. Generally speaking, European steel mills are less sensitive to iron ore prices than Chinese steel mills due to their small output and more overseas owned mines. "Now even the European Iron and steel industry union is in a hurry, which shows that the current iron ore negotiation situation is very serious. For mines and industrial solvents, it is time to sit down and think about how to maintain the operation of the whole industrial chain", said a senior person in the industry