Taigang Stainless Steel Co., Ltd. is highly recommended.
The following are the views of the agency:
But I'm not so pessimistic myself, haha
The annual international iron ore contract price evaluation is about to begin. As the current spot market price continues to rise, there is a big difference between the current market price and the contract price of the previous year, which is not conducive to the holding of new negotiation results. In addition, the operation of international iron ore oligopoly has increased the risk of a sharp rise in iron ore prices in 2008, thus posing a great upward pressure on the steel plate. In the future, it is necessary to adopt a conservative investment strategy for steel plates to avoid an unpredictable sharp rise in iron ore prices during the negotiations.
Content point:
1, China's iron ore imports continue to grow at a high speed, accounting for 46-48% of the global trade volume, becoming the largest importer in the world 1, which has a decisive impact on international iron ore prices and trade. However, the negotiation mechanism is not conducive to China enterprises, and any high-priced agreement reached by a large international enterprise will become the final agreement price.
2. In recent years, China's negotiating position has gradually improved, but the negotiations are full of difficulties. As the price of international mineral resources is rising, most international institutions believe that the price of iron ore will continue to rise in 2008, but there are differences in the increase.
3. Although the cost of iron ore is not very large in the total cost of steel production, it may be passed on through the increase of steel price, but there is the possibility that the price increase exceeds expectations, so the risk is suggested here.
4. For the industry-dominant enterprises with good product structure, obvious capacity expansion, high self-sufficiency rate of resources or guaranteed supply, this impact is limited and temporary, so we can continue to pay attention and invest appropriately.
Risk warning: Current system risk: high.
Investment advice: wait and see
Last week, I recommended that you sign up on April 5. Did you catch it? I think steel stocks should go up in the later period.