Iron Ore Price Affect China Steel Plate Export Profit

Steel plate is the basic product of steel mills, all kinds of steel plate are made into steel tubes, steel fittings for wide applications, from last December to January of this year, steel plate product price fell and the ore price stayed stable, profit of steel plate export shrank, with the cake became smaller, part of the private steel enterprises financing problem will appear.

Large foreign mining in 2015 will continue to cut down the production cost, it would squeeze the foreign and domestic market share of small and medium-sized mines, on the eighth China iron and steel logistics cooperation BBS, it is expected that in 2015 fall space of iron ore price is limited, since the fourth quarter of 2014 ore prices continue to run low and suppression effect on supply is obvious, the average price is expected to be higher than $2015 and $70 / ton level.
Under the condition of the ore price plunge, China imported 932.5 million tons of iron ore for the whole year, far more than 2013-820.3 million tons. In 2015 China is more likely to import more steel ore, the amount probably reach 1 billion tons. Since steel plate and pipe product over capacity will still existing for a long time, and iron ore import will increase, China steel plate export will continue to be the main force in the steel product market.