But iron ore expansion has to meet peak

"Golden nine silver ten" this is a traditional steel industry busy season, but since September of this year, steel prices peak season is in decline, occasionally rise,API 5L X65 Steel Pipe and instantly fell back. Throughout 2012, iron and steel industry profit rate is only 0.04%.
At present, China is in the midst of the industrial structure adjustment. Energy intensive and highly polluting steel capacity under compression, corporate debt is becoming more and more heavy. By the end of July 2013, 86 key iron and steel enterprise's total liabilities is 3.03 trillion yuan, total assets ratio is about 69.4%. , according to the key iron and steel enterprises are in working for the bank.
Struggling, iron and steel industry will spread to the raw material purchasing. Since this year, iron ore,Welding Socket Weld slip on flange coking coal and coke are present prices fell after the beginning of spring, bottoming out in May and August trend callback after the high jump, and the steel price trend of convergence.
Even so, the next two years, iron ore production capacity will remain large expansion. Platts energy is introduced, according to the Australian energy ministry of economic affairs,API 5L grb Oil carbon steel pipe Schedule 60 steel pipe is expected to iron ore will be a huge increase in new supply from 2014 to 2015. Australia is the largest iron ore producer, production accounted for 25%.
According to statistics, supply accounted for 40% of the world's three largest iron ore miner new capacity is estimated to be 100 million tons of iron ore in 2013, 2014 and 2015 new capacity is expected to reach 338 million tons and 165 million tons respectively. At the same time,ASME B16.9 std a234wpb pipe elbow the estimated fortescue, citic rich Thai emerging mine in 2014 and 2015, such as new capacity, 198 million tons and 43 million tons respectively. I.e., in 2014 and 2015 global total of new production is expected to be 636 million and 208 million tons.
Some major international investment bank forecast, due to the new production in the next two years more, the price of iron ore in 2013 was flat, there is a larger decline in 2014, the subsequent year will continue to decline, long-term contract prices will soon get to $90 / ton.

More than 400 million tons of iron ore is available for delivery

As another blockbuster variety in the domestic futures market, the iron ore futures traded on the date comes closer,api 5l grb welded steel pipe and tube various trading and settlement systems have also been perfect."First financial daily" reporter yesterday from the dalian Commodity Exchange (hereinafter referred to as the "exchange"), according to the iron ore futures market mainstream ore into the delivery system, price representative is strong, large range of products available for delivery, more than 400 million tons of iron ore is available for delivery. Iron ore of standard of all indicators set an upper limit, ensure that the buyer received the quality of the goods to be controlled.

In addition, the iron ore delivery set in bohai sea area of lianyungang, rizhao, Qingdao, tianjin, jingtang, six big port,astm a53/a106 gr.b carbon steel tube Sch 20 LSAW steel pipe caofeidian in tangshan inland at the same time, rizhao and lianyungang port Settings library. Based on the six port price gap between each other, each delivery point is not set up discount.

And listed on the United States and Singapore have iron ore futures contracts, dalian iron ore futures shall practise a system of physical delivery and delivery of bill of lading is noteworthy,long radius butt weld pipe elbow the iron ore is a physical delivery system, mode of delivery for the warehouse receipt delivery (warehouse and factory), bill of lading delivery in parallel.

Delivery of bill of lading in the universal attention of the market system, dalian iron ore contract designers said, for the buyer, the bill of lading delivery way can pick up the goods, in the hope of receiving so as to greatly reduce logistics cost. For the seller,Longitudinal Welded pipe and tube relative to the traditional warehouse receipt delivery, due to apply for delivery, can get the payment in advance, thereby saving the financial cost.

It is understood that China's iron ore production mainly concentrated in north China, northeast, southwest of the three regions, including north China ore output of 705 million tons, 2012 account for 53.8% of the total national output. Hebei, liaoning, sichuan, shanxi and Inner Mongolia is China's top five iron ore production provinces, five provinces in 2012 accounted for 76.6% of the country's total output.