As iron ore to sell says, and can wantonly bribery, the more the pressure from China domestic steel capacity, from domestic iron ore price double track. March 29,, Shanghai, China first intermediate people's court of the original 29, Rio tinto employees hu's made such as the verdict and, respectively by staff NBA Jerseys taking bribes, non-state infringing trade secret SINS, several crimes, sentenced to four accused shall be sentenced to fixed-term imprisonment of seven to 14 years, also be sentenced to confiscation of property and a fine of RMB 700000 yuan to 5.2 million yuan, illegal income shall be recovered. Accused show, HuShiTai was suspected of bribery converted into renminbi 6.46 million yuan, GeMinJiang alleged bribery converted into renminbi 6.94 million yuan, LiuCaiKui alleged bribery converted into renminbi 3.78 million yuan, and wang yong suspected took bribes more than 75 million yuan, total 92.18 million yuan. 29 afternoon, Rio is releasing a statement, announced HuShiTai dismissed four employees, think their behavior apparent violation of the Chinese law and Rio tinto employees behavior standard, and Rio advocated moral culture views. General case settled, reflection continues. HuShiTai are more like "a double agent", they constantly to the big steel mills and good, arrange travel cage winding activities such as the feelings, in order to get fixed order, and China steel core business data, the negotiations to several heart. On the other hand, the HuShiTai from private steel enterprises to gain a lot of advantage fee. The seller to bribery, unless sell is indispensable hot product.
Buyers bribery, so can guarantee the iron ore because long-term supply, better than subject to domestic iron ore import enterprise of exploitation. Our country steel industry surplus for many years, persistent ailment cured, but intensified. Some say that the local government economy is difficult to control and governors, or even at the red head files the way behind the capacity to protect by restructuring way bigger and bigger. More important, in the iron and steel industry in the process of adjusting, fastening on high-end, regardless domestic infrastructure needs, and lead to infrastructure needed steel prices low price is getting higher and higher. Plus looser monetary pushing of inflation pressure, lead to steel price rose and rose. From 2009 to start mid, baosteel rate first to raise prices, followed by small and medium-sized steel enterprises follow suit in price. By 2010, price form still goes on. Parts of the city is more steel market by the influence of iron ore, up the price of steel. Even many steel distributors emphasis upon, waiting for steel prices rise further. This is the result of iron NFL Jerseys ore prices enterprise with money. Iron ore giant freshwater valley has proposed points out, the company recently implemented a new marketing policy, decision since April to iron ore price index system to replace the benchmark prices for each year mode, iron ore prices have risen by more than 100%, the highest grade of ore Carajas powder from last year's reference price $57 / ton rose to $122.20 / tons, or as high as 114.38%, the time is April 2010 to June.