| Steel has been known as "industrial food" for a long time. Its products are mainly used in construction, machinery, light industry, automobile, container, ships, railway, petrochemical and other industries, the demand of which accounts for about 85% of the total steel consumption. These industries are the leading industries in industrialization process of our country. Therefore, it is regarded as an important indicator to measure a country's the level of industrial development and comprehensive national strength, it is also regarded as an important sign of a country's economic and overall strength development level and as the basic industry of national economy. China is one of the main producer and exporter of steel in the world. So the steel industry is also the pillar industry of economy in China.Iron ore as the main raw material for steel industry, plays an important role of steel enterprise. According to statistics, Chinese steel raw material costs account for 40% of the total cost. Many of Chinese iron ores are poor and unsuitable for exploitation. So there is 70% of the iron ore demands depend on the import comes from foreign countries. Therefore, the change of iron ore's import price makes direct impact on steel enterprises in China and affects the steady development of national economy.Starting from the correlation theory, this article analyzes the overall trend of the changes in the iron ore's import price and its influencing factors, and then makes a detailed analysis and in-depth discussion on the relationship between the change of iron ore's import price and the production, cost, profit, product structure and international competitiveness of our country's steel enterprise. This article also uses empirical approach. First, it makes a quantitative research on the relationship between the iron ore import prices and the main business costs in China steel enterprises. Then, based on the changes of iron ore price, it demonstrates the relationship between the cost and profit of our country's steel enterprises. Through the systematic analysis of these elements, this paper concluded some problems and their roots which Chinese steel enterprises are facing. Finally, according to these problems and the development experience of the Japanese steel industry, this article put forward various policy proposals including establishing iron ore futures market and attempting to set up regional or international iron ore pricing center; formulating rational iron ore resource strategy; carrying out the reorganization of assets and improving industrial concentration; improving the technology innovation ability and increasing value added products and so on. |
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