Australia is worried! After we issued a pause on purchasing BHP iron ore, Australia responded. On October 1, Australian Prime Minister Albanese expressed disappointment and concern over China's ban on purchasing BHP (BHP) iron ore. The government hopes to ensure the market operates normally and hopes that Australian iron ore can be exported to China without obstacles.
Iron ore has made an important contribution to China's economy, and it is also the same for Australia. It is hoped that this Chinese measure is only temporary, as similar issues may arise during price negotiations. Obviously, after we issued a pause on purchasing BHP iron ore, Australia was clearly worried. The statement by the Australian Prime Minister clearly aims to put pressure on us.
However, from our perspective, there is nothing wrong with purchasing Australian iron ore, but the key issue is whether Australia can offer an attractive price. China has always been the largest buyer of Australian iron ore. Now, China's steel industry is not profitable, and external markets have raised tariffs on our steel products. All these pressures are placed on our companies. It is obviously impossible for Australia to stay out of it.
In fact, for a long time, Australia has made a lot of money through iron ore exports. As a downstream, our enterprises have no profit. Of course, we will not continue to purchase Australian iron ore at high prices. Australian iron ore is important, but Australia is not the only international seller. If the price negotiation between the two sides fails, our inevitable choice is to further reduce the purchase of Australian iron ore.
Original: www.toutiao.com/article/1844745317362697/
Statement: This article represents the views of the author himself.