Chinese steel industry have some say in global market

时间：2007-09-21 02:28:49

（单词翻译:单击）

Chinanews, Yichang, Sept 20 – A new round of negotiations1 has started for the price of iron ore next year. Many people expect that in 2008, the price of iron ore will rise in global market. Will China's steel industry be affected2 by such price rise? According to Zhu Jimin, president of Shougang Steel Corp., the situation has begun to change now. Chinese steel industry has now gained more power in their right of speech in deciding the price of iron ore in global market.

 

From 1996 to 2006, Chinese steel output increased from 100 million tons to well over 400 million tons. Chinese steel output has accounted for 34% of the world's total steel production. In the meantime, China has turned from a steel importer to a major steel exporter. Nevertheless, the country's iron ore self-sufficiency rate declined from 66% in 2000 to 47% in 2005. In 2006, the situation changed a little bit. Still, China imported half of the iron ore from other countries in its steel production. For many years, Chinese steel companies had little say in deciding the price of iron ores. International iron ore suppliers kept raising the price of their product and the shipping3 fees, which served only to increase the production costs of Chinese steel.

 

According to Zhu, the price of iron ore was pushed up by the sufficient demand for the resource. In the past, many Chinese steel companies dealt with raw material processing. In future, as more and more Chinese steel companies merge4 with each other, some big companies which can produce large quantities of steel and at the same time obtain abundant iron ore resources to back up their production, will emerge in China. Chinese steel companies will thus gain more power in setting iron ore price. It is a fact that at present, domestic iron ore supply still can not meet steel companies' demand for it. However, it should be noted5 that China's iron ore supply can reach 200 million tons a year. At present, the Shougang Steel Corp. has also made some technological6 breakthrough in trying to make steel with iron ore that contains high phosphorus. With this technological progress, it is expected that China will be able to explore more iron ore resources at home in future.

 

Chinese steel companies have become more globalized today than yesterday. They have cooperated with their international counterparts in steel making, Zhu said.

 

Chinese steel companies have improved their position in the world. Now, the price of iron ore should not only be decided7 by big international enterprises, Chinese steel companies will also have a say in this issue, Zhu noted.

 
分享到：


点击收听单词发音收听单词发音  

1 negotiations af4b5f3e98e178dd3c4bac64b625ecd0     
协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过
参考例句：
  • negotiations for a durable peace 为持久和平而进行的谈判
  • Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。
2 affected TzUzg0     
adj.不自然的，假装的
参考例句：
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
3 shipping WESyg     
n.船运（发货，运输，乘船）
参考例句：
  • We struck a bargain with an American shipping firm.我们和一家美国船运公司谈成了一笔生意。
  • There's a shipping charge of ￡5 added to the price.价格之外另加五英镑运输费。
4 merge qCpxF     
v.(使)结合，(使)合并，(使)合为一体
参考例句：
  • I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。
  • The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。
5 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
6 technological gqiwY     
adj.技术的；工艺的
参考例句：
  • A successful company must keep up with the pace of technological change.一家成功的公司必须得跟上技术变革的步伐。
  • Today,the pace of life is increasing with technological advancements.当今， 随着科技进步，生活节奏不断增快。
7 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

©2005-2010英文阅读网