Iron ore once the focus of the parties hot finished steel listed companies disclosed.
 
On the one hand, this year 1-7 months, the prices of imported iron ore rose sharply to 37.79%; the other hand, reported that statistics show that 27 steel enterprises in the first half of this year net profit of 99.78 billion yuan, down 15.7 percent, less than global one of the three mines BHP Billiton 1/8.
 
For China's steel industry, the three mining enterprises swallowed profits is a common theme. The above data prove that the extreme non-equilibrium situation has not only been corrected, but further exacerbated. Another steel industry analysts have said in the interview with this reporter, iron ore prices is likely in the future for quite some time continued to rise, the steel industry, low-profit or for loss of the edge is a long-term trend.
 
However, it is noteworthy that the September 5, the latest news from the Ministry of Industry, August 30, the Ministry of the lead organization, the iron ore protection coordination mechanism of the Working Group held its first meeting in Beijing recently. It is reported that the main purpose is protection coordination mechanism of the iron ore of the Working Group established specifically to promote China's iron ore resources security system in order to promote the healthy development of the iron and steel industry.
 
Mad profits of steel prices has been engulfed with an industry chain upstream meat downstream soup - even soup can drink on a few mouthfuls, which is the status of the Chinese steel industry. The three global Choi reported that one of the mining giant BHP Billiton has released the first half of 2011 net profit of $ 13.124 billion, nearly doubling over the same period last year.
 
Prior to BHP Billiton, two other mining giant CVRD and Rio Tinto announced the results show that first half net profit of $ 13.3 billion and $ 7.6 billion, an increase of 150% and 30% respectively. The three companies combined profits of $ 34 billion .
 
These figures is the concept? Compare straightforward.
 
According to data recently reported by the China Steel Industry Association, the key statistics in the first half of this year, steel production enterprises realized profits of 56.374 billion yuan, including Baosteel, the most profitable, a profit of 11.133 billion yuan, accounting for key statistics steel enterprises realized profits of nearly 20%.
 
In other words, the net profit of the three mining giants of the steel industry in China is nearly 4 times; BHP Billiton's net profit is nearly seven times the Baosteel Group.
 
Another held a few days ago, according to Luo Jinan China's iron and steel raw material and fuel market Forum revealed that the 1-7 mid-Steel Association statistics, 77 large and medium-sized enterprises this year, product sales profit rate of only 3.08%, down 0.1 percentage points, at a low level compared with the national industrial average of 5 percent of the state in a costly, inefficient state in which there are eight companies a total loss of 815 million yuan, the loss reached 10.4%.
Luo pointed out that the high prices of imported iron ore to run the main reason for inefficient operation of the steel industry. The last 1-7 months of average imports of iron ore CIF price of $ 162.76, or 37.79 percent, which China imported iron ore to pay $ 21.101 billion over the previous year, the exchange rate 6.5, multi-payment of 137.195 billion yuan.
 
Ore prices continue upward possibility of a large lot of people in the industry view, this is not the end of the climb up the price of iron ore.
Goldman Sachs Group analyst MalcolmSouthwood has raised iron ore prices is expected that demand in China and other emerging markets still tight supply and demand in the next few years, this confidence in support of its price increases expected.



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