the Australian Government to levy resource tax will increase the cost of Australia investment projects
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the world's largest steel producer Arcelor Mittal said that 2010 years will an increase of more than 10 million tons of iron ore production. The capacity growth, including expansion of Ukraine, Mexico, production capacity, production in Canada and South America increased by 100 million tons of Kazakh production has also increased. The goal of the company to 75% in 2014 demand for iron ore self-sufficient. 2015 with an annual capacity by 67 percent from the current 60 million tons to 100 million tons of ore self-sufficiency rate to 75% -80%. The company also plans to mine iron ore production in Brazil increased by 2 times in 2014 increased from the current 5 million tons to 15 million tons. The next four years, ArcelorMittal will spend 5 billion U.S. dollars to improve the steel and iron ore production in Brazil, including the will from the state of Minas Gerais steel 11 km Monlevade mine investment, will also invest in RiodeJaneiro new iron ore port.
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Japanese iron and steel manufacturers and car manufacturers on the quarterly pricing is still in consultation, the Japanese domestic automobile and other manufacturing companies that resistance greatly. Automobile, shipbuilding, and canned food industry are put to export wind shorten the contract period will bring no small difficulty, and car prices can not be a quarter change once. Prices of iron ore, steel, coal, crude oil and other resources, the Japanese economy in 2010 will increase the burden of 3.4 trillion yen, Japanese companies often profit may drop more than 7%. Steel mills to be through internal cost reduction efforts as much as possible to digest the increased costs, including the use of more low-level and low-cost raw materials buyers and users, and understanding, but we must also bear some of the
In addition to Chinese enterprises, the world's largest ore supplier CVRD, Xstrata Copper, the sixth-largest mining enterprises, the U.S. Peabody Energy Corporation said that the decision to suspend in Australia investment projects in order to assess the impact of the new levy resource tax.
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Germany's largest steel manufacturer ThyssenKrupp steel company and its clients to discuss the quarterly pricing mechanism the ThyssenKrupp idea or be able to reach a with price elasticity long-term agreement. ThyssenKrupp Chief Financial Officer AlanHippe said, the company is currently seeking to replace the long-term agreement, and proceeded to study a long-term contracts with flexible pricing mechanism as the traditional long-term contract to upgrade the form of quarterly pricing. The advantage of this new long-term pricing system to reflect fluctuations in raw material costs in a timely and effective manner. Germany, another major steel company SARS Quetta Iron and Steel Company started with the automotive industry customers to discuss the pricing rules.
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the world's largest steel manufacturer Arcelor Mittal is working with customers from the annual supply contract to quarterly contract negotiations.拉克西米米 Tal, company CEO, said, "Our business model has to change, which the negotiations are still ongoing with customers, although customers expressed their understanding of the new pricing mechanism and raw material prices, but to accept a process also needs . Our customers also need to change their business model. "He said," We jointly develop a pricing scheme can automatically adapt to changes in raw material prices in the same user. "ArcelorMittal steel products each year about 20% of the pricing agreements based on annual sales, steel prices will bring more uncertainty and volatility on a quarterly basis pricing. New ore supply contracts to companies at least in the fourth quarter of this year will appear.
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tax would force mining companies to transfer to the countries with more favorable conditions, such as Canada, Brazil and China, active mining development in Chile has also increased mining of special tax. Seems to resource-based national government began eyeing this tax benefit. However World steel pipe network editing , some people believe that Australia's new tax policy is in fact encourage the development of low-grade mines, the New Deal will eventually increase the global supply of resources. New tax policy under the influence of Australian mining companies, the difficulty of exploitation will be larger, higher-cost resources more fully developed, to reduce the exploitation of resources in waste, increase resource exploration efforts and merger and acquisition efforts within the policy allows .
II, steel mills need to change the business model to turn to the quarterly pricing
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Australian Government will launch rates up to 40% Resource Rent Tax, foreign enterprises to make investment and is considering investing in Australia, nervous, some companies in Australia to invest at a slower pace, investment tends to be cautious.
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Austrian voestalpine Group company managed to downstream users to adapt to the quarterly pricing system, engineering, machinery and automobile manufacturing, the manufacturer will be difficult to adapt to the quarter steel price changes.
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taking into account the resource tax uncertainty, Australia's domestic mining companies, especially those with vested interests Zhebi and BHP Billiton and Rio Tinto is likely to slow the pace of investment. Rio Tinto is considering to set aside the possibility of new projects in Australia's iron ore, BHP Billiton approved the expansion plans in Australia is very small.
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by the greatest impact should the Chinese enterprises. Financial crisis, a number of Chinese enterprises have Australia to invest in small mines World steel pipe network editing , there is no doubt that the production costs of these investments will increase. Baosteel Group, Anshan Iron and Steel Group Corporation, China Steel Group, all plans of their projects in Australia, re-assessment of the impact of the resources tax to the Australian project costs and profits. Although these companies, said the move does not dispel the enthusiasm of Chinese enterprises overseas mergers and acquisitions, the long term, resource-based industries, including iron ore, manganese ore, nickel ore for China still is a chronic shortage of strategic resources , companies are still committed to actively expand the development, there is no doubt that the investment may slow down the pace. Anshan Iron and Steel Group's 36.28% shareholding to act as Australian gold up to the necessary mining company's largest shareholder, China Steel Group for $ 1.4 billion acquisition of Australia's central and western mining companies.
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national Iron and Steel Company (CSN) plans to invest 34 billion reais ($ 19.57 billion) in 2016, of which about 80% for steel and iron ore sectors. CSN also plans to raise part of the funds through its CasadePedra the IPO, said, CasadePedra mine annual production of about 21 million tons, is currently being expanded, is expected by the end of this year, the annual production capacity of about 40 million tons. (Man, Culture and the Mysteel International Department)
, steel mills are to speed up its own mining capacity expansion
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Brazil Minas Gerais, Metallurgical Company (Usiminas) and the National Iron and Steel Company (CSN) in accelerating the development of iron ore projects. Usiminas plans annual production of 29 million tons of iron ore in 2014, 2008, to enter the mining industry through the acquisition of a mine of Minas Gerais Itatiaiucu-consolidated companies, this company J.Mendes, Global, Somisa PaudeVinho4 mines and three processing plants, iron ore annual output of 6 million tons, about 50% of the iron ore required for the two steel mills in Ipatinga and Kuba Tang.
the past year a proposed pricing system has now become a thing of the past, starting from April this year, global steel prices are almost accepted the quarterly pricing of ore and coking coal. Steelmaking raw materials from the past on an annual pricing to press after the quarterly pricing, iron and steel enterprises have to change business model, the transition to quarterly pricing.
Austria's largest steel producer voestalpine plans to Austrian Erzberg mine iron ore purchases from 1/4 of the total demand to 1/3, in order to reduce dependence on imported ore. Erzberg mine area by the state-owned assets of institutions in Australia and the VAI Group jointly established in 2004, VAI Group exclusive exploration rights on the Erzberg mine. Increase the amount of the Erzberg the mining of iron ore supply, the voestalpine Group in the mining area, the establishment of a ball group mines for use in the iron content of about 30 percent of low-grade ore into iron content of more than 50% high-grade pellets. The voestalpine Group is mainly imported iron ore from Vale, Brazil, Ukraine and South African National