Wang Qiang was still unsatisfied: "I feel that the jump is still big. First, the soybeans suffered a loss in 2003, and then they turned the tables in 2008?"

Su Su sighed: "Is it a big leap? The people in those years were very aggrieved, and the country was also criticized by the people. The only thing that I am pleased with when facing the high soybean oil prices is probably to develop a new way of playing ‘health care’.”

Wang Qiang was happy: "It's just that all kinds of health-preserving parties are popular in the circle of friends. You should eat light food. What's wrong with eating too much oil?"

Su Su smiled and said, "Yes, I have to lose weight and reduce blood lipids, so I didn't fool you! Of course, it's even more gratifying that in the field of food, there are no big worms in the country, and behind COFCO Storage are hundreds of millions of hard-working farmers. This is much better than the ethnic groups in Latin America and Africa that are "free and unrestrained" and would rather starve to death than farm, let alone local wars. There is actually no suspense in this battle of turnaround. Is it not in line with Brother Qiang's expectation that only challenges the highest difficulty?"

Wang Qiang smiled and said, "It's really not satisfying if the difficulty is low - but, big borer? Are there other areas of what do you mean?"

Su Su said in a deep voice: "Yes, after the food war is finished, let's talk about the iron ore war? This is a fight between gods and immortals, and the people may not be able to feel it. This is not a local city defense battle, and the newcomers who have just come out of the novice village go to high-end maps to find mines, and they are so cruel that they are abused."

Wang Qiang browed: "Let me tell me."

Susu said: "Like the four major ABCD giants in the international food field, there are also three giants in the international mining industry, namely BHP Billiton in Australia, Rio Tinto in the UK, Vale in Brazil, and then there is a small giant FMG, among which three mines are in Australia. Although China also has various Daye iron ore and Panzhihua iron ore, the iron ore is not of good quality and has too many stones and has no competitiveness. I have to say that this is China's helplessness. Although it is vast and rich, there is no good iron ore and no good oil."

"So China's steel companies are grouped by the China Iron and Steel Association to go out to buy mines - customers are God? It doesn't exist! God has been slaughtered by them for many years, even if the situation is very good after 2008, they will suffer losses and not start to turn the tables until 2017."

Wang Qiang was a little confused: "What is the China Iron and Steel Association? A giant like COFCO?"

Su Su was amused and crying: "That's not the case. It's probably an industry service organization like the Writers Association. They are not responsible for production. The real steel giants are Baosteel and Wuhan Iron and Steel. The reason why the China Iron and Steel Association is led by the China Iron and Steel Association is that there are too many large and small steel companies in China, so the China Iron and Steel Association has unified the negotiation caliber."

Wang Qiang frowned: "I always feel something is wrong?"

Su Su said in a deep voice: "Yes! So where do you start? Or start with China's entry into the WTO in 2001. Before, China used its own mines to produce and use them. Although the quality was a little poor, it was just used. At that time, Australia and Brazil were smiling and begging China to buy it."

"But it's different after joining the WTO. The international steel market has officially opened its doors to Chinese steel companies. China's demand for a large number of high-quality iron ore comes, and then iron ore begins to rise rapidly and price increases four times, which is what I said earlier, "Whatever China buys is expensive." At the same time, China must face a heavyweight competitor - Japanese steel company!"

Wang Qiang browed: "It's Japan again? By the way, wasn't it revealed that Japan's Kobe steelmaking made for 30 years or something happened during that period?"

Su Su smiled and said, "Don't interrupt. That's because Japan wants to break free from the dog chain, but the boss behind the scenes shook his inside story and smashed his signature."

Wang Qiang said, "As long as you encounter a book, the other party will definitely make trouble."

Su Su said in a deep voice: "Correct. The first problem China faces is to bid for ore with Japan. According to common sense, China and Japan are both big buyers, and they should join forces to put pressure on ore giants to reduce prices. Moreover, China's steel technology is not as good as Japan, and it is unlikely that it poses a threat to Japan's high-end market. Therefore, the Sino-Japanese joint effort to let the giants - that is, to reduce the price by 40% of Vale Vale, is to agree with the interests of both sides, and China's bottom line is 40%.

Wang Qiang frowned: "But Japan is not united?"

Su Su said coldly: "Yes, Japan was the first to reach an agreement with Vale, and a price reduction of 30%. According to the rules they set, as long as a big buyer reaches an agreement, the buyers behind it will not need to negotiate, and just do the price reduction of 30% as Japan said! Originally, China's technology was not as good as Japan, but now the cost has been raised by Japan. Not to mention competing with Japan in the international market, it would be good not to lose money, so this leads to 'Whatever China sells is cheap', and Chinese steel companies are even losing money for years."

Wang Qiang said in shock: "Is Japan harmful to others?"

Su Su laughed: "It's not good? Brother Qiang underestimates Japan too much! Japan's Mitsui Products, Sumitomo Consortium, and Mitsubishi Consortium have been investing in and deploying Vale in the 1960s. BHP Billiton and Rio Tinto are the world's fourth largest iron ore shareholders, and have long been a big player. That is to say, as long as the ore giant makes a lot of money, Japan itself will pay more dividends for shareholders. Isn't this hedging the loss of Japan's less price cuts? It's even a big profit - by the way, Brother Qiang learned another lesson, hedging! Knowledge points!"

Wang Qiang said in shock: "Then isn't Japan a child care that deliberately raises the price in the auction house?"

Su Su sneered: "It's almost the same! And the other two giants BHP Billiton and Rio Tinto both hold shares, and they are profitable and profitable. The three parties united to monopolize iron ore. Facing them, China is a completely new player. How can we play with them? This is a foreign enemy!"

Wang Qiang frowned: "What about internal troubles?"

Su Su said in a deep voice: "In 2009, the Rio Tinto spy case that shocked the whole country, Hu actually joined Australian citizenship when the main case was arrested, which almost caused diplomatic disputes. Hu leaked the internal secrets of major Chinese steel companies to Rio Tinto. The production costs of various large and large steel companies in China were well known to each other. Chinese steel companies had no last card, so how could they negotiate with giants? Then, let alone kickbacks. An Australian, a Chinese steel company lost hundreds of billions of dollars when it was a sucker. He just took the rebate comfortably and comfortably to get a rebate of 2-10 US dollars per ton. As for where his secrets came from, I won't talk about these. Many large and small steel companies have such kind of collusion."

"Let's talk about those small steel companies. When the China Iron and Steel Association talked about the stalemate with the giants, 38 small steel companies collectively turned against each other and flocked to accept the conditions offered by the giants to them in private, and were directly defeated by the other party. What else can I talk about?"

Wang Qiang was speechless when he heard this.

Su Su sighed: "Brother Qiang, tell me what you think?"

Wang Qiang sighed helplessly: "What else can I say? It's just like the Republic of China period. I knew that this kind of group of people who are rushing together would definitely be cheated by pig teammates. Can't we integrate a giant of the level of COFCO Storage to fight them one-on-one?"

Su Su shook her head and sighed: "Steel companies are not companies like COFCO Storage that only cares about the grain storage without much technical content. They are the easiest to support idle people. The target of the key rectification and reform in the past 1990s was steel companies. What they wanted was to reduce the scale. How could they go back? And even if they were integrated, they could not fundamentally reverse the dilemma of ore being controlled by others - just like oil, they would not be able to wait for rice to be put into the pot and not buy it."

"And they will also find fault with a giant state-owned enterprise - if you don't have a market economy or a WTO, you won't sell it to you! In fact, any acquisition project of Chinese companies in the Western world will check the company's background. As long as you have a state-owned enterprise bloodline, they often fail to acquire it. They give priority to playing with private enterprises. What is this routine?"

Wang Qiang browed: "Forcing China's large state-owned enterprises to privatize?"

Su Su laughed: "Maybe! So, can private companies play well when facing giants? Indeed, there is no backstage anymore, that is, they can be played by the other party as much as they want! In short, like oil, there is no room for negotiation and want to acquire shares? Even in the global storm in 2008, the other party will not give any opportunity, and they are bothered with internal and external troubles. Brother Qiang thinks how China breaks the deadlock?"
Chapter completed!