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China’s iron ore imports to curb chaos in the strict uniform price to the agent system
 
Core Tip: China Iron and Steel Association has made it clear that rectification of imports of iron ore trade in the domestic market order, the strict application of the agent system of imports of iron ore, iron ore supply and demand by the price set by the two sides to this year’s unification of the country prices of imported iron ore. The move or change the current price of domestic iron ore market chaos.

     Video Description: China Steel Association provides that in future iron ore talks, negotiations between the two sides of supply and demand determine the price to be as uniform price across the country, any iron and steel enterprises, business enterprises should actively the implementation of the price.
By July 31 reported that China Steel Industry Association made it clear that rectification of imports of iron ore trade in the domestic market order, the strict application of the agent system of imports of iron ore, iron ore supply and demand by the price set by the two sides, as this year’s iron ore imports uniform price.

China Steel Industry Association executive vice president Luo Bingsheng told reporters on the 31st, to rectify the domestic market of imports of iron ore trade order, it is necessary to strictly implement the agency of iron ore imports. Iron ore negotiations in accordance with international practice, by the supply and demand determine the prices of the two sides to negotiations as a uniform price across the country, iron and steel enterprises, business enterprises should actively enforced by the agents a certain amount of agency fees, to avoid speculation.

At the same time, record iron ore import registration system, the volume and flow of iron ore to register to prevent the flow of imported iron ore of high polluting enterprises. And to ensure the stable development of domestic iron ore supply and stability.

“At present, the domestic iron ore market ‘two price’, the order of imported iron ore is the basic reason for non-standard. If the uniform price, it can not be a speculation.” Luo Bingsheng stressed that in accordance with international practice, promoting the agency of iron ore. Iron ore imports have implemented a price, to provide traders with the iron and steel production enterprises can charge 3-5% agent fees, import of iron ore at the same time the registration system to collect information on the quantity and flow of iron ore.

As a result of domestic small and medium-sized steel mills for iron ore imports have not qualified, only long-term agreement than the price of iron ore spot price of bought more imported iron ore, or from the traders to get long ADPL Department ore prices. Industry sources, domestic small iron and steel enterprises to get the price of imported iron ore, more often than twice as large enterprises around steel.

China Steel Association proposed a unified national price of imported iron ore, mean that there is no qualification of small and medium-sized steel import prices, iron ore negotiations will enjoy the “fruits” of the domestic iron ore is expected to change the current chaotic market pricing.