英语翻译Hebei Iron and Steel Group has proposed to the Ministry
来源:学生作业帮 编辑:作业帮 分类:英语作业 时间:2024/08/27 13:22:57
英语翻译
Hebei Iron and Steel Group has proposed to the Ministry of Industry and Information Technology (MIIT) that a national iron ore company be formed to centralize iron ore imports,according to sina.com.cn.
A senior executive from the nation's second largest listed steel mill,said the new company would consist of the 16 large steel mills in China,each with an annual capacity of over 10 million tons.It would also unify import prices and distribute iron ore by ownership ratios.
"Such a move would enhance the nation's bargaining power at the annual iron ore negotiations with the big three global miners - Vale,BHP Billiton and Rio Tinto," the source said.
Hebei Steel Vice-General Manager Tian Zhiping,however,said on Monday that he was unaware of any such proposal.
The plan comes at a time when spot prices of iron ore have soared to a record high in the Chinese market and the China Iron and Steel Association (CISA) is insisting on a unified price.
Luo Bingsheng,vice-president of the association,said last month that reducing the number of licensed importers and promoting the agent system at a unified price for iron ore will be primary targets for CISA this year.
Under the suggested plan,agents can levy a commission of 3 to 5 percent on the total iron ore import charges collected.
He said China must strive for a unified iron ore price for all imports to regulate the market,and erase the differences between long-term and spot prices.
Luo said the ministry has concurred with the CISA on the need to tweak the regulations for iron ore imports.
Spot iron ore price hit a record high after the Spring Festival holiday,putting further pressure on the 2010-11 contract talks that are scheduled to start on April 1.
Prices of the 63.5 percent iron-content ore rose to $142 per ton including freight on Monday,according to Mysteel Index,more than double the $60 a ton benchmark price level reached in 2009.
China is committed to increase steel production this year to 621.5 million tons,and steel mills have been increasing iron ore imports to meet rising demand,boosting expectations of an increase in the annual contract prices.
Investec Securities Plc last week raised its forecast for 2010 iron ore prices to an increase of over 55 percent compared with a 20 percent hike earlier.
BHP has already indicated that the annual contract prices should be linked more closely to the spot market rates.Vale,on its part,said it expects to secure a contract price for 2010 that reflects the current spot rate.
"The Hebei proposal aims to enhance import concentration to gain more bargaining power at the ore talks.However,the same can be achieved by consolidating steel mills,and I think that would be an easier step," said Hu Kai,a senior analyst at consulting firm Umetals.
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Hebei Iron and Steel Group has proposed to the Ministry of Industry and Information Technology (MIIT) that a national iron ore company be formed to centralize iron ore imports,according to sina.com.cn.
A senior executive from the nation's second largest listed steel mill,said the new company would consist of the 16 large steel mills in China,each with an annual capacity of over 10 million tons.It would also unify import prices and distribute iron ore by ownership ratios.
"Such a move would enhance the nation's bargaining power at the annual iron ore negotiations with the big three global miners - Vale,BHP Billiton and Rio Tinto," the source said.
Hebei Steel Vice-General Manager Tian Zhiping,however,said on Monday that he was unaware of any such proposal.
The plan comes at a time when spot prices of iron ore have soared to a record high in the Chinese market and the China Iron and Steel Association (CISA) is insisting on a unified price.
Luo Bingsheng,vice-president of the association,said last month that reducing the number of licensed importers and promoting the agent system at a unified price for iron ore will be primary targets for CISA this year.
Under the suggested plan,agents can levy a commission of 3 to 5 percent on the total iron ore import charges collected.
He said China must strive for a unified iron ore price for all imports to regulate the market,and erase the differences between long-term and spot prices.
Luo said the ministry has concurred with the CISA on the need to tweak the regulations for iron ore imports.
Spot iron ore price hit a record high after the Spring Festival holiday,putting further pressure on the 2010-11 contract talks that are scheduled to start on April 1.
Prices of the 63.5 percent iron-content ore rose to $142 per ton including freight on Monday,according to Mysteel Index,more than double the $60 a ton benchmark price level reached in 2009.
China is committed to increase steel production this year to 621.5 million tons,and steel mills have been increasing iron ore imports to meet rising demand,boosting expectations of an increase in the annual contract prices.
Investec Securities Plc last week raised its forecast for 2010 iron ore prices to an increase of over 55 percent compared with a 20 percent hike earlier.
BHP has already indicated that the annual contract prices should be linked more closely to the spot market rates.Vale,on its part,said it expects to secure a contract price for 2010 that reflects the current spot rate.
"The Hebei proposal aims to enhance import concentration to gain more bargaining power at the ore talks.However,the same can be achieved by consolidating steel mills,and I think that would be an easier step," said Hu Kai,a senior analyst at consulting firm Umetals.
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河北钢铁集团已经提出了对工业和信息化部科技(MIIT),一个国家铁矿石公司将现地铁矿石进口量,根据sina.com.cn.
一位高级行政来自美国的第二大上市钢厂表示,新公司将由16个大型钢厂在中国,每一个年产10万吨.它也将统一的进口价格和分发铁矿石创办比率.
“这样的行为会提高民族的讨价还价的年度铁矿石价格谈判中与三大全球性的矿工-维尔,必和必拓与力拓的消息来源说,".
河北钢副总经理田Zhiping,然而,周一说他不知道是否有这样的提议.
这个计划是当时最大的铁矿石现货价格飙升到创纪录的中国市场和中国钢铁工业协会(给CISA)是坚持统一的价格.
罗Bingsheng协会的主席说,上个月,减少特许进口商和促进剂体系在一个统一的铁矿石价格将主要目标为给CISA今年.
在建议的计划,代理商的佣金可以征收3% ~ 5%的铁矿石进口总额的指控.他说,中国必须争取有一个统一的铁矿石价格进口来规范市场,并将长期现货价格之间的差异.
罗说,当局已经赞同CISA需要修改规则对铁矿石进口.
铁矿石现货价格创下新高的春节假期后,将进一步施加压力,2010-11合同谈判定于四月一日开始.
价格的上升至百分之iron-content矿63.5亿美元每吨包括运费142周一,据Mysteel指数,超过两倍的60美元一吨基准价格水平达到2009年.
中国将致力于提高钢铁生产621.5万吨,今年,钢厂已经增加铁矿石进口产品以满足日益 上周预计证券可编程序控制器(Plc)预测2010年的铁矿石价格上升了55%的人相比,有百分之二十的徒步旅行.
必和必拓已表明年度合同价格应更紧密地联系在一起的现货市场利率.在它的一部分,它预计说,确保合同价格为2010年反映当前即期汇率.
“河北方案旨在提高进口浓度,以获得更多的讨价还价的矿石会谈.然而,同样可以达到巩固钢厂,而且我认为这将是一项简单步骤,”凯说,Umetals资深分析师咨询公司.增长的需求,推动预期的增长在一年一度的合同价格.
一位高级行政来自美国的第二大上市钢厂表示,新公司将由16个大型钢厂在中国,每一个年产10万吨.它也将统一的进口价格和分发铁矿石创办比率.
“这样的行为会提高民族的讨价还价的年度铁矿石价格谈判中与三大全球性的矿工-维尔,必和必拓与力拓的消息来源说,".
河北钢副总经理田Zhiping,然而,周一说他不知道是否有这样的提议.
这个计划是当时最大的铁矿石现货价格飙升到创纪录的中国市场和中国钢铁工业协会(给CISA)是坚持统一的价格.
罗Bingsheng协会的主席说,上个月,减少特许进口商和促进剂体系在一个统一的铁矿石价格将主要目标为给CISA今年.
在建议的计划,代理商的佣金可以征收3% ~ 5%的铁矿石进口总额的指控.他说,中国必须争取有一个统一的铁矿石价格进口来规范市场,并将长期现货价格之间的差异.
罗说,当局已经赞同CISA需要修改规则对铁矿石进口.
铁矿石现货价格创下新高的春节假期后,将进一步施加压力,2010-11合同谈判定于四月一日开始.
价格的上升至百分之iron-content矿63.5亿美元每吨包括运费142周一,据Mysteel指数,超过两倍的60美元一吨基准价格水平达到2009年.
中国将致力于提高钢铁生产621.5万吨,今年,钢厂已经增加铁矿石进口产品以满足日益 上周预计证券可编程序控制器(Plc)预测2010年的铁矿石价格上升了55%的人相比,有百分之二十的徒步旅行.
必和必拓已表明年度合同价格应更紧密地联系在一起的现货市场利率.在它的一部分,它预计说,确保合同价格为2010年反映当前即期汇率.
“河北方案旨在提高进口浓度,以获得更多的讨价还价的矿石会谈.然而,同样可以达到巩固钢厂,而且我认为这将是一项简单步骤,”凯说,Umetals资深分析师咨询公司.增长的需求,推动预期的增长在一年一度的合同价格.
英语翻译Hebei Iron and Steel Group has proposed to the Ministry
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