Large Japanese steel companies predict that the price of imported iron ore in the first quarter of 2011 will rise again in two quarters, and the price of iron ore purchased from Australia is close to $140/ton. This is mainly due to the rebound in China's demand as the world's largest steel producer.
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Japan's major steel companies are considering increasing the price of products sold to automakers. However, due to the appreciation of the yen, auto companies will require steel companies to lower prices, and the two sides will be more intense.
Due to strong demand from emerging countries such as China, international iron ore prices have skyrocketed, from less than $20/ton in 2000 to over $100/ton, breaking through $120/ton in the second quarter of this year and rising to $147 in the fourth quarter. /Ton. In the fourth quarter, international iron ore prices fell slightly due to concerns about China's real estate bubble and increased steel inventories. But it is likely to rise again early next year. Media such as Australia reported that international iron ore prices have risen by 7-8% in the fourth quarter.
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Abstract Japanese large steel companies predict that the price of imported iron ore in the first quarter of 2011 will rise again in two quarters, and the price of iron ore purchased from Australia is close to $140/ton. This is mainly due to the rebound in China's demand as the world's largest steel producer. ...