The lips are cold and cold. The downturn in the steel industry has finally begun to spread to the upstream iron ore industry, even though it is behind the three major mines with absolute monopoly and strong capital. The signal of the "turning point" of iron ore supply and demand is increasing. The "Economic Information Daily" reporter learned from the port that the price of 63.5 futures of printing powder has dropped from 151 US dollars / ton to the current 133 US dollars / ton, and accumulated 18 dollars in a week. It is worth noting that the price of 63.5 Indian powder mine in the early September has reached 190 to 191 US dollars / ton. In less than two months, the price of iron ore has dropped by more than 60 US dollars from the highest point of this year, and the decline is still carry on. On the other hand, in the recent domestic steel market, the price drop has become the subject of words. Since mid-October, major steel mills such as WISCO and Anshan Iron and Steel have competed to lower steel prices, and the steel trade market has also seen a dip-like drop of several hundred yuan. Data show that the average national steel price fell last week, the weekly decline approached 200 yuan / ton; and from September to October, just one month, the national average steel price fell more than 500 yuan / ton. The "crazy stone" that once "easy to rise and fall" has finally returned to the track of "same rise and fall" with steel prices. It is undeniable that because of the monopoly status of the three major mines, iron ore can still maintain high prices and even increase prices, regardless of the fall in steel prices or the meager or even loss of steel mills. The "Economic Information Daily" reporter learned from the China Steel Association that the profits of 77 large and medium-sized steel mills included in the steel association statistics in September were only 7.899 billion yuan, down 6.59% from the previous month. The cumulative profit from January to September was 82.34 billion yuan. In the same period last year, it increased by 27.74%. According to the statistics of China Steel Association, the profit margin of large and medium-sized steel enterprises in September was only 2.53%, and the cumulative profit margin from January to September was only 2.99%. On the other hand, iron ore not only continues to increase in imports, but prices have remained high. According to the latest statistics of China Iron and Steel Association, from January to September, the cumulative import of iron ore was 508 million tons, an increase of 11.03% year-on-year. The cumulative import value was 84.207 billion yuan, the import price rose by 51.21% year-on-year, and the average import CIF price was US$166/ton. In contrast, iron ore imports in the same period last year were 458 million tons, with an accumulated import value of 55.689 billion yuan and an average import price of 122 US dollars per ton. In September, the monthly import volume of iron ore was 60.657 million tons, the import value was 10.656 billion yuan, and the average import CIF price was 175.7 US dollars/ton. "The situation has finally begun to change." An industry insider told reporters. He admits that higher production and iron ore prices have been the two mountains that are pressing on the steel industry. However, on the one hand, the high price of iron ore in recent years has stimulated the global iron ore mining heat. With the increase of current supply, the situation of iron ore “supply shortage†has been alleviated, and the monopoly of the three major mines On the other hand, China, as the country with the largest demand for iron ore, has begun to increase its domestic exploitation of iron ore in recent years. At the same time, the self-sufficiency rate has been improved, and it has been affected by the state’s macroeconomic regulation and control. The downstream demand industries such as real estate, automobiles and home appliances are under-developed and insufficient, and the demand for steel has also been reduced, so that the demand for iron ore has also begun to decrease. “It’s reasonable to sell more people with natural prices.†A person in charge of a steel factory in East China told reporters that since the iron ore has been at a high level this year, many steel mills have begun to reduce or stop the purchase of imported mines. , turn to the purchase of domestic mines, or to purchase some low-grade ore in Southeast Asia and other places. In an interview with the reporter, institutional analysts said that as far as the current situation is concerned, the decline in iron ore has not yet reached the decline in steel prices. If the market demand is still low, it will not change. Iron ore will still have room to fall. At present, most steel mills have large capital pressures, and the benefits are very bad. The price of steel may fall below the cost. Under this circumstance, some steel mills have stopped production and maintenance, and the scope of production shutdowns will be further expanded in the short term. It will have a greater impact on the demand for imported iron ore. According to the data of China Steel Association, the steel industry has started to reduce production. The crude steel output in September was 56.7 million tons, up 16.5% year-on-year. According to this calculation, the daily output of crude steel was 1.89 million tons. But as of mid-October, the Nissan level has fallen to 1.818 million tons.
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