Iron ore is hard to
Sick of iron and steel industry is already an indisputable fact and helpless, market confusion, overcapacity, zombie companies become the main industry, iron and steel enterprises "The people are destitute". Although the central and local governments to actively implement the policy remedies, but Rome was not built in a day, which makes people quite desperate and without medicine powerlessness. The iron ore, which is closely related to it, is also bitter.
Affected by the slowdown of China's economy, the price of iron ore has been decreasing for three consecutive years. At present, it is hovering around the price of US $30 / ton. It is estimated that iron ore prices will further lower next year and run to 30 US dollars next year.
Single supply from the market perspective, the small enterprise is overwhelmed by the industry and even have to put up the shutters, the current market demand for iron ore in the world is reduced by 40%, and large mineral to reduce the magnitude of losses, and is not willing to cut. The global supply chain of iron ore supply is further increased, which is also one of the reasons why the price of iron ore in the world can not be raised at present.
From the perspective of Chinese market, China's demand generally affects the demand of iron ore in the world. With the growth of China's economy, the demand for steel in China's domestic market has slowed down, and many enterprises have been struggling. According to the prospective industry research, it is estimated that the estimated price of iron ore in the 2016-2017 years is 50 US dollars, while the current price has been running to about 30 US dollars, which has reached the lowest level in 7 years.
But for emerging market demand, will show different degrees of impact, China continued demand for steel has a sustained slowdown in attitude, and as the year of India iron ore resources reserves, the future will also appear surplus situation, so the world iron ore market consumption level will be greatly reduced. It can be seen that excessive supply demand has been reduced and the global steel market continues to be depressed, and the future will affect the price of iron ore for a long time.
With the increase of the cost of iron and steel enterprises and the increase of the cost of iron ore mining, the future of the industry in the iron ore industry will be more and more difficult. Red Star Machine hope, this "cold winter" not too long, joint efforts, early usher in the spring.
Wonderful recommendation;
ZOOMLION is the man of Zaozhuang city management
