The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

Replying to [Admin]: The prices are wat to crazy we were just selling iron ore at $108 CIF AWSP just 2 months ago now for some reason we were told that we had to price it at $130 CIF AWSP if we wanted to keep our mandate. I dont think its fair that we had to go up so much aspecially since I had orders on stand by. We now have 20,000,000MT of Brazilian iron ore that was potentially sold that we have to go back and tell our buyers they cant get for $108 but have to now pay $130. The one good thing is they still allow us to pay out a $2 commission so I guess thats ok. I am not saying its unfair, its just upsetting to offer a price and then have to increase it I mean its not like our supplier felt the increase I mean they own their own shipping line with 150,000 tonner ships. I guess we will all just have to sit back and see where tiss goes. I am scared to see what will happen in 2009 when prices are expected to go up 36%, it may drive manufactures in the direction of low grade partially processed iron ore known as Copper slag.

May be this is not a crazy.. but tastes differ
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Replying to [Admin]: I am in Thailand and in mining business. It is realistic.

Quoting from [grigo]:


It is just absolute madness.

Iron Ore goes up, thus steel prices go up.

That means everything that has any steel component in it will also go up, even the humble key-ring.

Oil is up, thus fuel goes up, plastic goes up.

Once again, the humble key-ring is hit twice, both steel and plastic.

Fuel is up, therefore shipping rates go up, transport rates go up.

All this compounds into not just a price increase in

1.Raw materials,

2. Transport costs from raw material factory to manufacturing factory,(truck fuel)

3. From factory to the port, (truck fuel)

4. From Shipping Port to Destination country (Ship fuel)

5. From Destination Port to Customer (trucking fuel)


So, add all that together, and you have a HUGE increase.

As an example, one humble key-ring we purchase regularly has DOUBLED in price in the past 12 months.

As a result, inflation in Vietnam has reached record pitch of @4% per month (50% per year). Steel price has increase over 150% in comparing with price level in September last year.

Many construction projects met big problem with steel price.

I am steel trader in Vietnam. We booked steel billet at $570/MT CNF Vietnam in Nov 07, but now, price has jumped to 900CNF.  Arcording to Steel Business Briefing, Turkey billet has shot $910/MT FOB. So crazy ! Even most optimistic guy can't sure the price will stop sky rocketing in this year.

The steel price increase is valueable chance for HUGE margin in steel trading that even can't think in dreams. It supplies strong power to push up more investment in steel projects around the world.

Steel is key material and it affect the inflation. Huge margin for some steel traders can't not be the reason for happniess while the whole nation suffered in serious economy crisiz in Vietnam now.

My God.

Quoting from [Admin]:

The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

I think this is cool! , As we have observed that the prices incearses unevenly in the last few years, which may disturbs the systemetic market built , Only the news of price increase ,will regularies cerculation of the supply and this may helps in the smoother flow of the markets commoditie and  gives a efficianty upto the level of the markets for a period with the consistency.

What will  manufacturers do if  they have a sufficient amount of raw material in their hand , they will obviously try to buy in the market price even , this way real need of the buyer will speak in the market and market will became healthy for the healthy onces. and this is cool.

 

Quoting from [Admin]:

The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

Quoting from [Admin]:

The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

yes its cool , the people want to know whats the situation making the price rises. i have been in the market from the price of Indian iron ore is just 50 us$ and now its 145 us$ fob. the real fact is that all the concerned charges have been increased. the iron ore comes to the port from long distances the charges for the truks. and more over the oil prices are high.that makes the big difference that affects all the other charges.even the port charges are applied on that. and why all worried of it. cause at the end the coustomers is paying the money and its burden is a the end of common people. and if even any body gets the price under 50 $ is there any chance to decrease price. so its just cool when ore prices high the other prices too will be high thats all.

Quoting from [Admin]:

The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

Quoting from [KioWong]:


hehe.. it is really crazy , it traggers everything to increase besides the iron material , say iron powder cores , magnetic material , and then , you will find the price of TV goes up , the cost of beef goes up , you have to spend more time at home instead assembly with your friends .... what a pity !!!!! what is going on in the world ?

it's really crazy.the price up of the iron material lead to our product price goes up.it's difficult for our customer accept it.and other consumer goods' price also goes up ,too.for us,working-class member,it's too difficult to our life.

Quoting from [Admin]:

The global Iron Ore market is booming and prices have risen for the 6th year in a row. These record high prices are sure to affect your business and your life wherever you are in the world.

How does your business deal with the price increases? Will this affect your profit margins? Leave your comments below!

it is  so crazy .although we not use iron ore directory ,we are mould and blowing mould machine factory in china ,the  steel we need is very large ,the iron ore price rise .which affected our business  a lot .leading  my profit profit margin lower and lower,in ny opinion ,if the price go up day after day ,some company based steel will be bankrupt,.steel  to industry as rice to people .it is necessary to industry ,so i see why steelmakers agree to iron ore price rise ,the amout steel said may fewer than before ,but at higher price ,in a word ,the steelmaker will make more ,at least same profit as before.