| At present, China has become the largest buyer of the international iron oremarket, and had to face the international iron ore prices rising trend. From2003,China Baoshan iron and Steel Group on behalf of the steel industry participatein the international iron ore price negotiations for the first time, which has been tenyears since that time, but every time the results of the negotiations ended in failure.China has almost no pricing power in the international iron ore price negotiationsprocess, eventually have to accept the international iron ore giant proposed pricerequirements. Over the years, our country in the competition for iron ore pricingefforts made no substantive progress. Continuous rise in iron ore prices resulting asevere impact on China’s iron and steel industry which related downstream industries,caused rapid decline in industry profits, and also caused serious influence on China’seconomic development. The main factors leading to this situation is the three globalmining giants who control more than70%of the international iron ore supply market,this has caused the international iron ore market, the oligopoly structure, but atpresent,iron and steel industry concentration in our country is so low and theindustry cohesion is not very strong, China’s iron ore imports can not be advantageinto a useful bargaining chip, the domestic steel industry disorderly competitionbetween severe resulting in spot market prices high. At the same time, the rigiddemand of China’s steel industry for iron ore as well as the three major internationaliron ore giant are excessive dependence, which also caused the weak position ofChina’s iron and steel enterprises in the international iron ore price negotiationsprocess, causing the price of imported iron ore has been greatly improved. WithChina’s iron and steel industry has the competitive power is not strong generally, itsown iron ore resource is few, and the futures market is not perfect, which can not beeffectively dispersed on iron ore prices risk. These problems weakened our countryiron and steel enterprises in the international iron ore price negotiations in the processof bargaining power for. In order to solve China’s discourse in the international ironore prices right problems, and learn from the successful experience in the international iron ore price negotiations in Japan. China’s steel industry shouldparticipate in the iron ore industry actively, increase the proportion of its own iron oreresources in the imported iron ores, which could ensure that the steel industry inChina had to accept iron ore prices results. At the same time, through the returning ofiron ore trade rights to make up for the iron ore prices rising cost. Our country shouldaccelerate the establishment and improvement of the domestic iron ore futures andswaps the market, to disperse the iron ore prices pose a risk to useful financial means.At the same time, China’s iron and steel industry must speed up the iron ore miningand smelting technology innovation, especially for the technical reform of domesticlow grade iron ore innovation, make our efforts to expand the domestic iron oreresources exploitation strength, improve the domestic iron ore in the demand for ironore in China’s steel industry in the proportion, reduce foreign iron ore lowdependence. But, our country must promote the iron and steel industry consolidation,improve the iron and steel industry concentration, and regulate the domestic iron oretrade order, crack down the price speculation and excessive hoarding and other illegalbehavior, control the domestic iron ore spot market prices. These measures for theresolution of China’s iron ore pricing power of discourse research will have importanttheoretical and practical significance.In this paper, through the comparison of our country in the international iron oreprice negotiation mechanism in the performance,which we studing and analyzing themain reasons of China’s lack of pricing power in the international iron ore pricenegotiations, and through the analysis of successful experience in competition for theinternational iron ore pricing process in Japan, put forward to solve the problem ofChina’s international iron ore pricing lack of countermeasures and suggestions.This paper is divided into five chapters. The first chapter points out the researchbackground, significance of this paper. And through the domestic and foreign expertsand scholars research analysis, grasp the current researches on the issue of iron orepricing power at home and abroad. Showing the structure and writing process in theform of a flowchart, and puts forward the research method of this paper and theinnovation and insufficient. The second chapter points out the related concepts of the content of this thesis, and introduces the international iron ore negotiation mechanism,application and research process in oligopoly market theory and game theory. Thethird chapter analyzes the international and domestic iron ore trade status and the lackof pricing power, introduces the international iron ore pricing mechanism, and theiron and steel industry in China for the international iron ore pricing performance. Thefourth chapter is the analysis from two aspects of international and domestic factorsaffecting the lack of iron ore pricing power in China. The main reason for China’s ironore pricing power failure. The fifth chapter analyzes the successful experience ofJapan in the fight for the iron ore pricing,which hproposed our country to learn fromthe process of change in iron ore pricing status of lack of experience，it mainly aboutthe reasons for the lacking of iron ore pricing power in China. From the China Ironand steel industry development direction, corresponding financial market constructionand technical innovation and strengthening supervision, we put forward to solve theproblem of the lack of international iron ore pricing countermeasures and suggestions. |
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