What is the difference between iron ore in different countries? Which is the best and the worst?
China's annual purchases of iron ore accounted for the total output of the world iron ore is about 39%, so the price of iron ore in China is very important. Therefore, China's accession to the iron ore price negotiations once a year (the production of iron and steel manufacturers such as China Baosteel, Nippon Steel, Germany Thyssen Krupp and iron ore suppliers Rio Tinto Group, Brazil the vale and BHP Billiton group was once a year of negotiations, to ensure that the interests of their own country) so little difference and the effects of various countries of iron ore negotiations. A little better in Brazil and Chile, the rest of the country's iron ore quality is almost the same (the price is the most important).
Comprehensive comparison: Santos from Brazil port to Shanghai China range of 11840 nautical miles, freight for $83 per ton; the Australian port of Melbourne to Shanghai China range of 4460 nautical miles, freight for $36 per ton. Because of Brazil's iron ore price is high and the shipping is very expensive (Brazil iron ore prices than Australia iron ore price the stone shipped to China price is also expensive, so) of China's iron and steel manufacturers mainly from Australia BHP, Rio Tinto and FMG group purchased iron ore.
In contrast: one of Brazil's iron ore iron ore (mainly Yangdi ore) high iron content, the price is very high; Australia's Pilbara iron ore than Brazil Yangdi ore is low, but the price is relatively cheap.
The supply of iron ore in China mainly comes from four major suppliers in two countries, namely, CVRD group in Brazil, BHP Billiton group in Australia, Rio Tinto Group and FMG group
