|
|
 |
|
|
Indian iron ore jumped more than 80% of the tariff I suffer small and medium steel mills - Indian o by na b
|
|
|
Indian iron ore jumped more than 80% of the tariff I suffer small and medium steel mills - Indian o by NA B
|
|
| Article Posted: 02/23/2011 |
| Article Views: 73 |
| Articles Written: 2638 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 756 |
| Article Votes: 0 |
|
Indian iron ore jumped more than 80% of the tariff I suffer small and medium steel mills - Indian o |
|
|
|
|
|
Business,Business News,Business Opportunities
|
|
13 evening, the Indian Ministry of Finance announced on the 14th early morning for all varieties of iron ore exports of 15% tariff levied by price. May 30, India's iron ore exports through tariff reform proposal, the proposal will be a ton of iron ore export tariffs from 300 rupees (seven U.S. dollars) to the FOB price by 15% levy to the current Indian ore export price This tariff increase of 80% to -100%.
That over-reliance on small and medium mining in India steel plant is being most affected. President of Indian Mineral Industries Alliance
RahulBaldota last Thursday said India Iron ore price Have fallen 8% -11%, its major export markets?? China's port inventories and demand slowdown. Shanghai Iron and Steel Advisory Body MYSTEEL analyst Xu Xiangchun also held that because nearly 80 million tons of domestic iron ore imports, supply is more abundant, so the Indian iron ore export tax would not short-term impact on the domestic spot market imports, but in six months to one year, the related effects will be seen, because the current state iron ore supply still tight, Indian vendors can be tariff costs to buyers in China.
Last year, due to high tariffs, many of the original import of Indian ore customers turning to Brazil, Australia and other countries, according to statistics, in 2007 China imported iron ore up by 14% in Australia, Brazil ore by 28%, while India mine only by 6%, India mine in China's market share from 23% in 2006 down to 20%.
Beijing steel joint advisory body, said metals analyst Hu Kai, March 1, 2007 the Indian Government set up iron ore export tariffs, the 300 rupees / tonne (7 dollars) has been basically the equivalent of 10 iron ore export price % of ore at 62% -63% FOB price of 62-68 U.S. dollars / ton. Current iron ore spot market at its highest ever, according to price tariff income rich, but Brazil, Australia and continue to develop a large mine into production, there is lower risk of future spot market. If the implementation of such a high price tax, now that the depressed market conditions, China is difficult to digest the increase in steel prices.
Beijing BCT Information Center released a report that Indian iron ore mine plus additional tariff to raise spot prices, spot and long-term agreement to further expand the gap between the price, but also substantial growth in Australian iron ore required to provide a new long-term agreement price excuse. The face of Indian ore prices, even though China can reduce the number of its imports, but it may increase the dependence of Australian and Brazilian ore to China in price negotiations into a more passive situation. Some steel mills in coastal areas of China, especially in Central, south-east of the small and medium manufacturing enterprises steel resources in a certain dependence on India, the impact of tax policy will depend on the Indian deep ore spot market, small and medium steel companies.
Australia who are not yet completed Iron ore talks , Xu Xiangchun that India iron ore export tariffs negative impact on the negotiations did not think so much, first as short-term tax increases will not trigger rapid increases in the spot mine, second is the focus of the current negotiations is compensation for sea freight, rather than ore mining and stock deal is the price gap.
Customs statistics show China imported iron ore in May a total of 38.91 million tons, down 3.93 million tons from last month, down 10%, but imports are still among the imports from January to May 2008, imports second high, second only to April. Four ministries Shugang formal notice last week, marking the state has adopted a number of interventions, for the iron ore port stocks a large steel mill or a businessman, the stress is more important.
While in 12 international sea freight record single-day decline, imports of ore freight rates drop leading to lower cost of CIF, has been relatively strong in the outer disk prices are also facing huge loose, importers began to watch, pause procurement or foreign pressure and demand for lower prices outside the disc and the current spot market transactions are very rare. I am a professional writer from Components Electronic suppliers, which contains a great deal of information about twin baby gift , potty training seat, welcome to visit!
Related Articles -
twin baby gift, potty training seat,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
