Iron ore price negotiations to insist that no

As usual, June 30 is the final cut-off date for iron ore price negotiations.　　But this year, June 30, China's iron and steel companies and the world's three largest mining giants have yet to reach an agreement on iron ore prices. China is the world's steel production power, in recent years, steel production accounted for more than half of global production. It is conceivable that China's iron ore demand is huge.　　The rise or fall in iron ore prices in the international market will have a significant impact on the Chinese steel industry. A few years ago, it is to see China's huge demand for iron ore, the international three major mining companies to use their own control of iron ore pricing power, and constantly raise prices, Chinese steel enterprises for their own production needs, have to sign "Shichong", forced to accept unreasonable prices. So why has China's steel industry become "strongly" this year?　　Can the current "overtime" in the price negotiations achieve the desired results? We believe that the main reasons for the current impasse in the iron ore price negotiations are two: first, the global economic downturn has led to a decline in steel demand, Chinese enterprises, China's steel industry in the previous 5 months, the growth rate of Chinese steelmakers has been declining, the Chinese Iron and Steel Association of 72 large and medium-sized member enterprises loss of 2.046 billion　　Under such circumstances, it is almost impossible to continue to allow steel companies to "digest" high-priced iron ore.　　Second, as the world's largest steel producer, China has long been controlled in iron ore pricing power, which is neither reasonable nor consistent with the rules of economic globalization. The traditional way to break international iron ore price negotiations is an important battle to break the existing "rules of the game" of international economic competition. From the current situation to analyze, on the one hand, as the world's largest iron ore customers, China's views and voices are not dispensable, but must be heard. On the other hand, the iron-ore giants may be more worried in the face of tight market demand and a huge backlog of ore. After all, the supply of the market is fundamental, no matter what the ore, only sell is money, heap in the mine is only stone. What's more, the so-called three giants accounted for only part of the iron ore production, not to the extent of hoodwink.　　Chinese companies can have a variety of options. The key question now is that China, having already said "no" in the iron ore price negotiations, will have to bite the bullet and hold on. The Chinese Iron and Steel Association involved in the negotiations and those with significant impact must, at this time, learn from the lessons of the past and be sure to stand on the same level of national interest. In the "resisting" at the same time to do "Ann" work, never allow individual enterprises in private with the negotiating opponents to reach an agreement, must not self-destruct the Great Wall. As long as we hold on, make full use of our advantage to win in this game, and with iron ore price negotiations as a breakthrough, we may be in the economic globalization process to gain more say and initiative.