At present, China's top steel companies such as Hebei Iron and Steel, Baosteel, Wuhan Iron and Steel and Shandong Iron and Steel have developed corresponding iron ore “self-sufficiency plans†and implemented them to reduce their dependence on the three major international mines. The "iron ore curse" attached to Chinese steel companies may fail.
The global iron ore resources currently controlled by WISCO have reached 10 billion tons. On September 18, WISCO cooperated with Canadian CLM Company to develop 162,000 tons of iron concentrate produced by the mine and delivered it to Wuhan for unloading. This marks a substantial progress in the construction of WISCO's overseas resource base.
Although the number of iron ore mined by large steel companies like WISCO is staggering every year, the annual iron ore demand is over 20 million tons, but don't underestimate the number of “162,000 tons†in this area. This is a good one. beginning.
It is reported that this year WISCO will have 6 million tons of overseas developed ore to return to China, accounting for 25% of its ore demand. Deng Qilin, general manager of WISCO, said that after five years, WISCO ore can be self-sufficient.
While other steel companies are worried about the price increase of iron ore, WISCO is able to use cheap ore from its own overseas mines, mainly due to the recent implementation of “going out†strategy by WISCO. Deng Qilin, general manager of WISCO, said that through acquisitions, mergers, and shareholdings, WISCO has established a number of overseas resource supply bases. The company has obtained iron ore resources of 10 billion tons, and after all the production, it has more than 90 million tons/year of ore supply capacity, which can meet the needs of more than 85%. In addition, the self-owned part of the steel ore can be self-sufficient. .
Coincidentally, Hebei Iron and Steel Group, the steel company with the largest domestic steel output, plans to gradually shed its dependence on overseas iron ore enterprises within five years.
Wang Hongren, chairman of Hebei Iron and Steel Group Mining Co., said recently that in the next five years, Hebei Iron and Steel Group will gradually get rid of its dependence on foreign mines at a rate of 5 million tons of iron ore per year. The mine capacity reached 35 million tons, the self-sufficiency rate reached 35%, and the domestic iron ore supply reduced the dependence of foreign mines from the current 50% to less than 30%. In addition, Hebei Iron and Steel Group will also selectively participate in the acquisition of international mining assets.
Also worth noting is Baosteel. Recently, Baosteel Chairman Xu Lejiang revealed that Baosteel is considering making a contribution to the global layout of iron ore resources, and may establish its own overseas resource base in Africa, Canada, South America and other places to ensure the strategic supply of iron ore required by Baosteel in the future. .
In November last year, Baosteel Group acquired 15% of Aquila, an Australian iron ore and coal company, for a cash of 286 million Australian dollars to approximately 1.804 billion yuan, becoming its second largest shareholder. At the same time, Bao Wengang Chairman He Wenbo confirmed that Baosteel plans to further increase the development of similar overseas iron ore resources.
In addition to the above-mentioned steel enterprises, Shandong Iron and Steel and Chongqing Iron and Steel have recently accelerated the pace of construction of overseas resource bases. Not long ago, this newspaper reported that Shandong Steel spent billions of dollars to buy minerals in Africa. Chinese steel enterprises have "going out" to find iron ore resources, and the construction of overseas resource bases has achieved certain results.
"Iron ore spell" may fail
At present, China's steel industry is experiencing serious “internal and external troublesâ€. On the one hand, there is a serious overcapacity in domestic steel production. On the other hand, Rio Tinto, BHP Billiton and Vale International's three major mines are “unexpectedâ€, even at the expense of coercion. Forcing China to accept a sharp increase in iron ore prices.
The reason why the international iron ore giants have repeatedly won the "high price" of Chinese steel enterprises is related to the rising external dependence of China's iron ore in recent years. According to statistics, in 2009, China's iron ore dependence was as high as 63.9%. Under this circumstance, the above-mentioned three major mines read the "iron ore curse", and China's steel enterprises and even the Chinese steel industry have a "headache", but they have long been reduced to three major mines.
In order to get rid of this situation, the relevant Chinese authorities have taken some countermeasures, such as reducing the backward steel production capacity, promoting the merger and reorganization of steel enterprises to improve the concentration and voice of the industry, and supporting domestic iron ore enterprises. These measures have been achieved. Initial results.
According to the latest data from the customs, in August, China's total iron ore imports decreased by 13% from the previous month to 44.61 million tons. Among them, iron ore imported from Australia decreased by 16% from the previous month. This is of course the main reason for the unclear prospects for Chinese steel mills to reduce their purchases, and it is also related to the recent significant growth in domestic iron ore production.
In Xu Lejiang's view, the source of iron ore in China has been significantly diversified, which is a very good phenomenon. From the source of iron ore imports, China's iron ore source countries have grown to more than 40 countries, in addition to Australia, Brazil and other traditional resource countries, China is still in South Africa, Mongolia, Vietnam, Kazakhstan, Cambodia, Peru, Argentina, etc. The country has made progress in investing in overseas resources.
At present, 80 million tons of iron ore imported from China is an equity mine. The overseas iron ore resources (including projects under construction) that Chinese steel enterprises participate in cooperation have reached 190 million tons/year. The diversified supply of China's steel raw materials has gradually taken shape. Presented.
Xu Lejiang believes that in the future, under the background of the oversupply of international steel raw materials, the external environment of Chinese enterprises going global will become more relaxed, seeking new mining resources overseas, investing in mining, and participating in mergers and acquisitions of mines. The strategic layout of international industrial chains such as steel mills will become more frequent. "In the long run, this will break the shadow of resource monopoly that has long plagued the Chinese steel industry."
One day, the "iron ore curse" attached to Chinese steel companies may fail.
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