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China Steel Association's high-level exchange of iron ore negotiations is unfavorable
Luo Bingsheng and Shan Shanghua, the main leaders of the China Iron and Steel Association, which led the negotiations on the import of iron ore in China's steel industry for several years, announced their retirement yesterday. With the end of the annual iron ore negotiations, the “elders who participated in and influenced China's iron ore negotiations†"The retirement is regarded by the industry as the end of the old era of iron ore negotiations." Chairman of the Board of Directors of Shougang Ren Xin The fourth meeting of the China Steel Association held yesterday was held for the general election. Zhu Jimin, chairman of Shougang Group, replaced Deng Qilin, general manager of WISCO, as the president of China Steel, and served for 2011-2013; Xu Lejiang, chairman of Baosteel, will serve in 2013. - President of 2015. Luo Bingsheng, executive vice president of China Steel Association, and Secretary General Shan Shanghua, who have been in charge of the daily business of the Steel Association, have announced their resignation. Vice President Zhang Changfu is also the secretary-general of the China Steel Association; Wang Xiaoqi, former director of the Planning and Development Bureau of the State-owned Assets Supervision and Administration Commission, took over the work of Luo Bingsheng. He served as the vice president of China Steel Association. In addition, Chen Xianwen, director of the Market Research Department of the former Steel Association, will also leave the China Steel Association. It is reported that Luo Bingsheng is no longer suitable for leadership positions because of his high age; and Shan Shanghua said that "age is not too small, too tired." The China Iron and Steel Association has 232 member companies covering major steel companies in China. The association plays an important role in the annual iron ore price negotiations and advises the government on the integration of the domestic steel industry and the formulation of relevant policies. Negative iron ore negotiations Luo Bingsheng, Shan Shanghua, Chen Xianwen and others have been the main players and promoters of the China Iron and Steel Association responsible for iron ore negotiations and steel industry policy formulation. In the past two years, as China has repeatedly talked about repeated defeats in the iron ore annual negotiations, the China Steel Association, which has been responsible for the coordination work behind the scenes, has gradually stepped onto the stage. The main body of negotiations, Baosteel, is unusually low-key. China Steel Association once had a very strong attitude, requiring mines to cut prices by 40%-45%, but ultimately failed to achieve the required decline due to the monopoly of the Big Three and China's large demand for ore. In 2010, the Changxie Mine, which was talked about every year, was abandoned by the Big Three and replaced by the quarterly mine that was discussed in a quarter. Although the China Iron and Steel Association has always declared that "the negotiations have not been terminated", the fact is that the Changxie Mine has been dead, and the China Iron and Steel Association is forced to recognize the Chinese private enterprises and the Big Three privately signing "temporary prices." In 2011, the mining giants planned to use monthly pricing to replace quarterly pricing, and even the direct spot mines began to blow up. China Steel Association once again stated that “quarterly pricing is the bottom lineâ€. At this moment, Shan Shanghua, Luo Bingsheng and other "elders" who participated in and led the iron ore negotiations retired, and were commented by the industry as the end of the old era of China's iron ore negotiations. Background Global iron ore negotiations began in the early 1980s, and iron ore negotiations have formed unwritten practices for more than two decades: Brazil's Vale and Australia's BHP Billiton, Rio Tinto's representative supplier, Japan's Nippon Steel, EU Steel The factory represents the buyer. With the FOB price as the settlement price, the supplier and the buyer will cross-negotiate. In the negotiation, any negotiation opponents took the lead in reaching an agreement, which is the first price, and all other parties accept the result. Before 2000, China's imports of iron ore accounted for about 16% of the international iron ore market, and the amount was low, so it did not participate in iron ore negotiations. In 2004, Shanghai Baosteel on behalf of China began to participate in global iron ore price negotiations, and China Steel Association has also been involved. What really caught the attention was the 2005 negotiations, where iron ore prices rose sharply by 71.5%. Afterwards, the mines increased their prices every year, and steel companies lost ground in the negotiations. In addition to the fall in the mining price due to the financial crisis in 2009, the rest of the years ended in a large increase in the price of minerals. The China Iron and Steel Association, which has been responsible for coordination during the negotiations, moved from behind the scenes to the stage in 2009, but in the end it could not turn the tide. The 2010 annual pricing mechanism for iron ore collapsed and was replaced by shorter-term quarterly pricing. More than half of the imported mines will be the rights and interests of the China Iron and Steel Association president Deng Qilin said yesterday that by 2015, China's self-produced iron concentrate supply capacity will increase from the current total demand of less than 40% to about 45%; imported iron The proportion of equity mines in concentrates will also increase significantly, and is expected to increase from less than 15% to more than 50%. Previously, WISCO revealed that it has invested in the development of eight iron ore resources projects in Canada, Brazil, Australia, Liberia, Madagascar and other countries in recent years, and locked in tens of billions of tons of equity resources. It is expected that the ore resources will be basically realized during the “Twelfth Five-Year Plan†period. Selfish.