According to Xinhua News Agency, the long-awaited 2006 iron ore negotiations have finally concluded. On June 20th, Chinese steel companies reached an agreement with the world's top three iron ore suppliers—Vale, BHP Billiton, and Rio Tinto. The prices for both fine ore and lump ore increased by 19% compared to the previous year. It is reported that Chinese steel firms will pay between RMB 6 billion and RMB 7 billion more due to this price hike, which is expected to ripple through downstream sectors such as construction materials, home appliances, automotive manufacturing, and machinery. Since 2003, global and domestic iron ore prices have surged rapidly. In 2004, prices rose by 18.6%, and in 2005, they jumped another 71.5%. These increases have had varying impacts on downstream industries. For example, in the chemical equipment manufacturing sector, steel typically accounts for about 85% of raw material costs. As a result, the sharp rise in iron ore prices in 2003 led to a loss of 249 million yuan across the entire industry. However, since 2004, with stronger government oversight in the steel sector and significant progress in structural adjustments and exports within the chemical equipment industry, overall efficiency has improved considerably. The industry has been growing steadily at a high level. Analysts believe that while the recent iron ore price increase may cause some pressure, it is unlikely to disrupt downstream sectors like machinery and equipment manufacturing to a large extent this time around.

Softcover Notebook

Artifical PU leather, Linen, Canvas, Paper. Hardcover. Softcover

80g, 100g, 120g cream, white , ivory offset paper. special paper

Black Line, Dot Design, Blank, Or Custom Printing

Debossed, UV, Hot Stamping, Color Printing, Custom Logo

Each in opp bag, then box, then carton, Or as your request

Ribbon, Elastic string, Pen loop, Back Pocket, Pen, Paper Belt

Sewing Binding, glue binding, spiral binding, loose-leaf binding. or as your request

All Styles. We can custom offer all styles as your request

Send by sea, Send by Air, Send By Train. Send by Express. we can do door to door service

PayPal, TT, Western Union, LC, Alibaba Trade Assurance

Magazine printing,Catalog printing,Custom magazine,printing magazines

Shenzhen Longyin Printing Packing Co., Ltd. , https://www.lybookprinting.com