Over the years, although China is the world's biggest iron-ore consumer, but the pricing of iron ore are in the hands of a few oligarchs.High iron ore prices, China steel industry there has always been to "the three major mining work".Even if steel prices fell sharply in recent years,SCH40 large diameter LSAW steel pipe is on the high iron ore prices, steel prices decline than ore prices fall.
In fact, Chinese steel mills had a large number of to buy overseas mine ore, the most important driving force in order to improve the ore self-sufficiency, increasing the voice in the iron ore price talks, in a more favorable price get stable supply of iron ore, reduce the production cost.After several years ground operation, its effect has been seen.
Wisco, for one, after the global financial crisis in 2008, the Chinese steel mills "enclosure" at sea, in 2012 has become the world's largest steel makers in iron ore, expects its overseas iron ore in 2013 the annual output can reach 15 million tons, 2016 can be self-sufficient in iron ore comprehensive.
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