BHP Billiton Negotiation Continues Increased Uncertainty in Steel Prices

After the long-term price negotiations between Baosteel and Rio Tinto in 2008, BHP Billiton, another major mining giant in Australia, stated that it has yet to reach a price agreement with the demanding steel mills and said that “the price of Rio Tinto” still has a gap with the current market situation. .

Analysts pointed out that since Rio reached a completely different long-term contract price with Brazil's Vale, it broke the traditional pricing mechanism and the future iron ore negotiations will add more uncertainties.

The day before yesterday, Baosteel and one of the Australian mining companies, Rio Tinto, reached a 2008 long-term ore contract price agreement, which rose as high as 96.5%, higher than the 65%-71% rise achieved by Chinese steel companies and Brazilian miner Vale earlier this year. The price range. Regarding the results achieved by the "city brothers" and Chinese steel companies, BHP Billiton chief executive Marius Kloppers said yesterday that the results of the negotiations have made a small step forward compared to the results of other previous negotiations between supply and demand. Proving that the market recognizes the difference in freight rates, Australian iron ore producers can offset higher freight rates (FOB) to offset lower freight rates, which Australian mineral companies have long hoped for.

However, Gorreuth declined to discuss the deeper impact of the results and whether BHP Billiton would accept this price, but said that the current prices negotiated between Rio Tinto and China are still different from the market conditions and are not enough to fully reflect the current market situation. .

According to an agreement reached between Baosteel and Rio Tinto, the average price of long-term agreements for iron ore in 2008 rose by about 85%, which is equivalent to an increase of about US$10 per ton compared to the prices agreed between Brazil and Baosteel, and Brazil currently The freight difference between China and Australia to China is about 50 to 60 US dollars per ton.

“We are currently demanding to offset about a quarter of the long-term freight spread estimate,” said Gao Ruisi. “Obviously, we still have work to do in this area.”

My strongest analyst from the Iron and Steel Research Center (MRI) yesterday pointed out that after the price agreement between Baosteel and Rio Tinto was reached, the cost of the iron and steel enterprises increased again, and the price of the ore mining agreement increased by 79.88%, which would increase the purchase cost compared to last year. US$41.8/tonne, which is US$7.84/ton more than the 65% increase in southern Brazil’s fines; the cost of smelting one ton of pig iron also increased by US$65/ton, which is US$12 more than the 65% increase in southern Brazil’s fines. /Ton.

As for the impact on the spot market, Zeng Shengsheng believes that the conclusion of this agreement reduces market uncertainties, and it is estimated that it will slightly promote the current spot mines, and will make the sales of port inventory mines relatively active.

However, the signing of this agreement will add many uncertainties to the future iron ore negotiations. Many analysts believe that due to the agreement reached with Rio Tinto this time, it means that long-term contracts of different suppliers have been broken by the same price mechanism, so Australian suppliers will still make the same request next year. In addition, Brazil’s Vale may no longer be the first to reach an agreement with the steel mills, but instead wait for the Australian suppliers to reach an agreement and accept the increase directly. At this time, the steel companies may no longer claim the increase as easily as they did this year. Less than Australian suppliers' gains. According to estimates, Rio Tinto will receive nearly 2 billion U.S. dollars in revenue compared with the price reached in Vale.

Metal Body Square Water Cooling Tower

This series of products run stable, low noise, energy-saving, in office buildings, shopping malls, hotels, residential areas and other central air-conditioning supporting the use of better results.

The company's standard cooling tower according to the international design conditions design, can also provide customers with non-standard operating conditions or specific sizes under the special, special design.

The circulating water pump suction port shall be located below the water level of the cooling tower catchment basin, and the cooling tower outlet pipe shall not be allowed to be higher than the maximum water level of the catchment basin.
Pipe mounts should be pipe racks and cooling towers should not be allowed to directly bear the weight of the pipes.

The rehydration pipe of the cooling tower should be provided with a support stand to avoid vibration of the pipe when the float valve is rehydrated.

Rehydration pressure should be below 5m water pressure, national standard
The flannage pressure is 1.0Mpa.

When two or more units are assembled, our company will provide a connecting balance tube to balance the chassis water level. The tower top inlet should be set with a conditioning valve in order to enter each
.The water level of the tower is uniform.


The noise is measured at dm1.13VL-W at the equivalent diameter of the cooling tower (Dm1.13VL*W), 1.5 meters above the ground height, wherein L and W are the shape rulers of the tower
inch long and wide).

The use of cellular continuous blister series of diversion,heat dissipation, water collection three-in-one native filler, the whole suspension, gravity cloth water, low drop of water, with cold effect
High, low energy consumption, less drift water, less noise and so on, floating water rate is less than 0.001%.

When connecting different types of towers, the bottom basin water level height of different types of towers must be taken into account, and the base height must be adjusted to maintain the water level balance of the towers.

Metal Body Square Water Cooling Tower,Tower Water Cooler,Water Cooled Cooling Tower,Tower Cooling System

Wuxi Ark Fluid Science Technology Co., Ltd. , https://www.fangzhou-arkfluid.com