Source: Xinhua News Agency

The industry is not without concerns about a loss of shadow or will be re-enveloped the steel industry

"From the recent reports, if the count during the cost of production of steel all the losses." Iron and steel output ranked the first in Hebei Iron and Steel Group Vice President Kohei not without concern expressed a few days ago.

Ping Kong, said that corporations are mainly the result of the difficult situation of rapid increases in the price of imported iron ore. Last year, in May, with the steel market warming, the domestic steel industry since the end of the financial crisis, a loss of 7 consecutive months of trend. However, this year accompanied by a new round of negotiations on iron ore, the deadline draws near, imported iron ore price rise set off a wave of new wave.

Joint metal mesh March 1 data show that 63.5% of the national day of India fine ore contract prices reached 138 ~ 141 U.S. dollars / ton, compared with last year's Rio Tinto signed a long association with Japan and South Korea starting price of ore was up over 200%, reaching 20 months, the highest point. He finally got mine last year due to the reduction in prices to achieve profitability in the steel industry, now, or will again be faced with a comprehensive loss.