Temporary discount CVRD steel ore sales to China
According to Shanghai Securities News described that hold ups in the worldwide metal ore discussions spectacular, simultaneously with the market worsening, metal ore charge scheme has a more perplexing situation. 21, one of the three foremost excavation business Vale do Rio Doce handed out a declaration the business said in 2009 metal ore agreement discount will be taken to the provisional implementation of such a flexible kind, that is, 80% of the cost paid in money and another 20% of the buy cost will be in 2009 after the end of the year to pay the cost negotiations.
CVRD said the bond will be realized in 2008 as a interim charge of the yardstick costs, in 2009 after the end of the yardstick charge dialogues will be supported on the effects of their adjustment. As is customary, CVRD and Asian hard metal costs will be the yardstick charge dialogues in the April 1 each year, but have not observed any of the prevailing negotiations. The past year in the new charge is not deliver and demand boundaries are pre-released last year reconciled a long ADPL costs, but the market downward spiral this year, mine was to make concessions.
CVRD Zhu, leader of China said it would leave the long-HS cost first right to discuss the price. "We are the motor, and now we propose to back the." Zhu said, the business will boost this year to 25% decrease, while expanding sales efforts in China. He accepts as factual that CVRD's goods more comparable in China, as more large-scale excavation businesses a cost benefit is anticipated to cost about 100 million tons of metal ore provide will be more comparable manufacturers in lieu of.
It is appreciated that the first quarter of CVRD's metal ore to Europe fallen by nearly half, while metal ore trade items to China expanded by almost 40%, because of its iron alloy mills and China marked several little and medium-long agreement for the provide of ore Association.
In item, it is in addition the CVRD prospecting financial gathering in Australia to chase the selling strategy. According to announced basis, the prevailing prospecting financial gathering in Australia to China Steel's sales approach was "long-term accords on hard metal, 80% of developments to non-agreement is 60% of families, non-agreement is the windup of the customer, or a new accord to indication the accord hard metal mills, prospecting financial gatherings are at the matching time site market sales, a solitary recommended, virtually tender, greater than the minimal is to get a cargo. "
Association in agreement with the 2008 charges of the year long, Australia 63.5% of the dust degree ore FOB charges for 91.6 U.S. dollars / ton, 76 U.S. dollars for Brazilian ore / ton. Tang Qi, general supervisor of Wuhan Iron and Steel Group, Lin said that the end of last year furthermore if the Chinese iron alloy mills in 2008 in agreement with the Association of the long procurement of metal ore charges will not survive. - 21392
CVRD said the bond will be realized in 2008 as a interim charge of the yardstick costs, in 2009 after the end of the yardstick charge dialogues will be supported on the effects of their adjustment. As is customary, CVRD and Asian hard metal costs will be the yardstick charge dialogues in the April 1 each year, but have not observed any of the prevailing negotiations. The past year in the new charge is not deliver and demand boundaries are pre-released last year reconciled a long ADPL costs, but the market downward spiral this year, mine was to make concessions.
CVRD Zhu, leader of China said it would leave the long-HS cost first right to discuss the price. "We are the motor, and now we propose to back the." Zhu said, the business will boost this year to 25% decrease, while expanding sales efforts in China. He accepts as factual that CVRD's goods more comparable in China, as more large-scale excavation businesses a cost benefit is anticipated to cost about 100 million tons of metal ore provide will be more comparable manufacturers in lieu of.
It is appreciated that the first quarter of CVRD's metal ore to Europe fallen by nearly half, while metal ore trade items to China expanded by almost 40%, because of its iron alloy mills and China marked several little and medium-long agreement for the provide of ore Association.
In item, it is in addition the CVRD prospecting financial gathering in Australia to chase the selling strategy. According to announced basis, the prevailing prospecting financial gathering in Australia to China Steel's sales approach was "long-term accords on hard metal, 80% of developments to non-agreement is 60% of families, non-agreement is the windup of the customer, or a new accord to indication the accord hard metal mills, prospecting financial gatherings are at the matching time site market sales, a solitary recommended, virtually tender, greater than the minimal is to get a cargo. "
Association in agreement with the 2008 charges of the year long, Australia 63.5% of the dust degree ore FOB charges for 91.6 U.S. dollars / ton, 76 U.S. dollars for Brazilian ore / ton. Tang Qi, general supervisor of Wuhan Iron and Steel Group, Lin said that the end of last year furthermore if the Chinese iron alloy mills in 2008 in agreement with the Association of the long procurement of metal ore charges will not survive. - 21392
posted by X - Men @ 1:25 AM
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