Japan's earthquake caused iron ore prices to plummet or cause collapse

Australia's "Business Daily" reported that the earthquake in Japan brought an unexpected impact to the global iron ore market. The large-scale demand for steel in post-disaster reconstruction has not ignited the confidence of investors and traders in iron ore prices. Just as the Big Three secretly celebrated the iron ore price hit a record high of $200/ton, the spot market iron ore price fell to $170/ton in just two trading days. Such a sharp drop has caused the market to worry about the possible excess supply of global iron ore. Analysts pointed out that in the context of continuous price increases for many years, the world's three major iron ore suppliers have increased their investment and increased production, and a large amount of funds have flooded into the iron ore mining field, resulting in a surge in global iron ore supply. . According to the article in the Business Daily, unlike other precious metal commodities, steel does not have the function of maintaining and increasing value. Therefore, in the long run, steel and iron ore prices are mainly determined by supply and demand. The article pointed out that in fact, the current three giants' steel business is already at a profiteering stage. Take Rio Tinto and BHP Billiton as examples. The iron ore production costs of the two companies are less than $40 per ton, while the price of exports to China is as high as $145-180/ton. The Business Daily article said that the Big Three are well aware that iron ore price adjustments are inevitable, but they all hope to make more profits before the price collapse. The article said that the biggest question now is when will the iron ore price collapse occur? The shock wave brought by the Japanese earthquake may unveil the real veil of global iron ore supply and demand.  

Basic Kitchen Tools And Utensils

Basic Kitchen Tools And Utensils

The kitchen is the crucial part of any restaurant, and the right kitchen utensils and kitchen equipment are essential for creating delicious meals.

Our high-quality kitchen utensils and equipment mainly use durable stainless steel material which are food safety. And they are designed to help you handle any cooking task with ease. From preparation tools like mixing bowls, GN pans, measuring spoons,etc. to classic cookware and bakeware like frying pans,stock pot, knives, and bakery pans. It can be categorized according to work flow as below:

· Prep Tools & Essentials

· Cookware & Bakeware

· Cooking Tools & Kitchen Utensils

Other Kitchen Essentials

Basic Kitchen Tools,Kitchen Cookware Set,Essential Kitchen Supplies,Stainless Steel Kitchen Utensils,Kitchen Storage Tools

Guangzhou Hotop Hotel Supplies Co.,Ltd , https://www.hotophs.com