Chinese steel makers say "no" to Indian iron ore

时间：2007-03-26 01:14:04

（单词翻译:单击）

Chinanews, Shanghai, Mar1. 22 – The China Iron and Steel Association (CISA) and 16 Chinese steel makers2 announced last Friday that China wouldn’t buy any iron ore from India after it imposed export tariff3 on its iron ore resources. Earlier, the China Chamber4 of Commerce of Metals, Minerals & Chemicals Importers & Exporters (CCCMC) also convened5 a meeting discussing possible measures that could be taken in response to the new tax, the Shanghai Securities Journal reported.

 

China's pig iron production this year is expected to reach 445-447 million tons, 46-48 million tons more than last year. In order to reach this goal, production of iron ore should increase by 65-84 million tons. If China can increase the production of crude iron ore by 20% this year, then 700 million tons of iron ore can be made at home, which is 117 million tons more than last year. If the original iron ore is converted to finished ore of grade 65%, it turns out that China's iron ore production in 2007 will be 55 million tons. The deficiency will be made up by import.

 

In the past, China imported large amounts of Indian iron ore due to its low cost. When India iron ore was cheaper than Brazilian and Australian iron ore, some small or middle-size steel makers in China tended to buy iron ore from India, since this would reduce their production cost. Last year, the amount of Indian iron ore accounted for 22.92% of China's total import. Most of the Indian iron ore was bought by steel makers in the coastal6 regions, especially by the small and middle-size steel makers in the middle or southeastern part of China. Since there were insufficient7 iron ore resources in these regions, and small and middle-size steel makers in these regions were not able to sign purchase contracts with large iron ore suppliers, they would have to rely on India for its iron ore resources.

 

The export tax imposed by India will affect the above-mentioned steel makers most. Some steel makers say that since India iron ore is not cheap any more, such low-grade iron products will no longer appeal to them any more. These manufacturers are starting to look for some new iron ore resources in other neighboring countries.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者，制造商（maker的复数形式）
参考例句：
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
3 tariff mqwwG     
n.关税，税率；(旅馆、饭店等)价目表，收费表
参考例句：
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
4 chamber wnky9     
n.房间，寝室；会议厅；议院；会所
参考例句：
  • For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
  • The chamber was ablaze with light.会议厅里灯火辉煌。
5 convened fbc66e55ebdef2d409f2794046df6cf1     
召开( convene的过去式 )； 召集； （为正式会议而）聚集； 集合
参考例句：
  • The chairman convened the committee to put the issue to a vote. 主席召集委员们开会对这个问题进行表决。
  • The governor convened his troops to put down the revolt. 总督召集他的部队去镇压叛乱。
6 coastal WWiyh     
adj.海岸的，沿海的，沿岸的
参考例句：
  • The ocean waves are slowly eating away the coastal rocks.大海的波浪慢慢地侵蚀着岸边的岩石。
  • This country will fortify the coastal areas.该国将加强沿海地区的防御。
7 insufficient L5vxu     
adj.(for，of)不足的，不够的
参考例句：
  • There was insufficient evidence to convict him.没有足够证据给他定罪。
  • In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。

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