Dissertation > Economic > Industrial economy > The world's industrial economy > Industrial sector economy > Geology,mining

Iron ore pricing mechanism in the context of globalization and Countermeasures of China 's iron and steel enterprises

Author JiChao
Tutor ZuoMingJie
School Fudan University
Course Business Administration
Keywords Iron ore pricing mechanism Upstream and downstream relationships Improve Countermeasure
CLC F416.1
Type Master's thesis
Year 2009
Downloads 675
Quotes 5
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China is the largest number of global imports of iron ore , iron ore prices rose year after year in addition to greatly increase the cost of production of iron and steel enterprises , also caused widespread concern people , domestic public opinion, criticism and discussions on iron ore pricing mechanism also come and go . In this context , the article combined with practical experience and industry economic theory of the iron ore negotiations , the iron ore price mechanism contains industry chain downstream relations . By analyzing the characteristics of several different pricing mechanisms , focusing on analysis of the background of the traditional annual negotiations pricing model , the development of the situation and the problems faced , the conclusion is : annual negotiations to determine the mechanism of iron ore contract price is still the most in line on the downstream the spirit of long-term cooperation and long-term interests of both the mechanism , but in today 's market volatility increasing , need to be improved in order to adapt to the new situation . This paper presents the upstream and downstream should be a rational view of the relationship between long-term cooperation and short-term interests , fully embodies the spirit of risk-sharing in the pricing mechanism , and suggested that the introduction of medium-term adjustment mechanism so that the iron ore prices remained relatively stable while the annual price negotiations better reflect the actual market . At the same time , the article also pointed out that the iron ore price mechanism is not in itself the key issues of the development of iron and steel enterprises in China need to be addressed from the inherent constraints should be thinking and take countermeasures . The article suggests that China 's iron and steel enterprises to actively master quality resources through overseas investment and open up new sources of supply , to strengthen cooperation in the upstream and downstream , but to reduce dependence on the mining giant . At the same time , it is recommended to fundamentally solve the problem, and to accelerate the improvement of China's iron and steel industry concentration , enhance economies of scale and standardize the market order , establish good industrial ecology , our country as soon as possible from the big countries of the steel into steel power .

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