China Iron and Steel Industry Association, China Minmetals Chemicals Import and Export Chamber of Commerce, China Metallurgical Mining Enterprise Association recently announced in Beijing that the official launch of China's iron ore price index, and publicly released from October. From the past "three slaps", to the current active launch, is undoubtedly a significant improvement. However, this "China iron ore price index" seems to symbolize far more than the actual meaning, whether it can be recognized internationally, whether the three major iron ore giants buy it, how far can the "Chinese version of the price index" go? Worried. At the beginning of last year, under the strong implementation of Rio Tinto, BHP Billiton and Vale, the spot market was replaced by a quarterly pricing mechanism that replaced the 40-year long association system. The new mechanism stipulates that the iron ore price for each quarter will be determined based on the average price of the spot index in the market in the previous quarter. As a result, the index reflecting the iron ore price trend is moving from the back to the front. At present, the international iron ore spot index has the TSI index of Global Steel News, the MBIO index of the Metal Guide and the Platts Index of Platts. The three major mines use the Platts Index. This index is also referred to as the “most expensive index†by iron ore importers and has become the endorsement index of the three major mines. It can be said that the three major mines not only promoted the change of iron ore pricing model, but also transformed the iron ore index into a “legal†tool to promote the price increase of iron ore. In the past year and a half, under the “asylum†of this tool, the price of iron ore has shown a strange circle of “rise and fallâ€. Is the endless price hike of iron ore unreasonable? According to the China Steel Association, the crude steel output in China in the first half of this year was as high as 350 million tons, but the average profit rate per ton of steel was only 3.14%, which was lower than the one-year deposit rate of 3.25%. Even the bank’s interest on funds was Can not afford. In the first half of the year, the average import price of iron ore was US$160.7, an increase of 42.5% over last year. The cost of China's steel industry alone increased by 100 billion yuan compared with last year. On one side, although the Platts resource price index is widely used, the index does not really reflect the market supply and demand situation. China does need to compile its own price index to protect its rights. The Chinese version of the "iron ore price index" has been given the important mission of "competing the price right" and "breaking the iron ore index bubble" by many domestic industry insiders. However, the author is not optimistic about this. "Frozen three feet is not a cold day", in order to break the monopoly of iron ore pricing power, it must not be placed on an index. Moreover, this index seems to be a bit "post-awareness." Before the pricing mechanism changed, some institutions in the world had already taken the lead. The “China Edition†and the non-mainstream index faced the already recognized mainstream index, and it is conceivable to win the right to speak. More importantly, the Chinese version of the “iron ore price index†may be branded as “non-compliant†from its “bornâ€. From the perspective of the three major iron ore price indices, the founding parties are all third-party institutions, and have nothing to do with mines and steel companies. Although China Steel Association has always emphasized its objective position, China Steel Association once represented iron and steel prices negotiations between Chinese steel companies and world mining giants. In fact, it has become the leader of Chinese steel companies, and the organization participated in the formulation of iron ore. The stone price index is bound to encounter the price to determine the other side - the question of the world mining giant. Therefore, China's iron ore prices have to be recognized by the mining giants, it can be said that there is a long way to go.
Tungsten Carbide End Mills-2/4 Ball Nose End MillsApplication:
CNC Process, Wood Metal Milling Cutter,
1.Variable pitch and lead end mills
2.effectivw to avoid chatting allowing foroutstanding milling performanc
3.chattering is decreased with "variable pitch"
4.variable-lead shape stbilizes cutting resistance to isolate vibration
Features
1 suitable for milling lateral face end face,flute and step face Also for two vertical planes and form plane To passing core end edged mill. also used for drilling and insertion milling .in structural steels with resistance 1200 N/mm²
2.Having an excellent self-centering capability can processing H7 work piece efficiently
3. Processed holes can achieve high position and have a good straightness and surface finish
4. For materials with short chips such as cast iron, silicon-aluminum alloy etc
5 Designed for a general performance to carbon steel tool steel alloy steel and stainless steel
2/4 Ball Nose End Mills,Solide Carbide Ball Nose End Mill,End Mill For Metal Stainless Milling,Bright Finish Ball Nose End Mill
Changzhou Bomitools Co.,Ltd. , https://www.bomitools.com