Rebirth is very troublesome

Chapter 982 Counterattack

"The Feng family you are talking about is not the one from Haitong Trading, right?"

"Hey, do you know him?"

"My old man has something to do with the Feng family. After all, his family's business is inseparable from shipping."

Bao Yaozong was curious as he responded: "Why are you suddenly interested in iron ore?"

In his impression, the industry under Wang Yu's name seemed to have nothing to do with iron ore, but now he suddenly wanted to get involved and even got involved with the Feng family.

"Actually, I'm not very interested, but there are some things I can't help myself with."

Wang Yu's words were deliberately vague, completely intending to induce others to improve their logic.

As expected, Bao Yaozong was tricked, with a clear expression on his face and a sigh: "Oh, it's not easy. No wonder my old man often talks about the word sense of distance. But at your size, it's not like that." You can keep it if you keep it.”

This is why Bao Yaozong was brought together. If it were Jiang Weilin or anyone else, it would never have the same effect.

"But why did I ask you to do this?"

After understanding Wang Yu, Bao Yaozong asked in surprise: "Are you too far away from the Feng family?"

"This happened a few years ago, and it was just the right time."

The place where he first met sisters Feng Xuehua and Feng Xuewei was the place where he and Lao Liu had a grudge. The person in the middle was Guan Yuhai. Everything was true and perfect, so Wang Yu told Bao Yaozong without hiding anything.

After talking about the causes and consequences, Wang Yu continued: "Do you still remember the Hu Shitai case in March this year?"

"Of course I know. This matter was a big deal in the Magic City. During that time, my old man only had to drink, and he almost cursed me every time he drank!"

Bao Yaozong slapped his head and suddenly realized: "I said, it turns out it's because of this incident!"

The Hu Shitai mentioned by Wang Yu is an Australian-Chinese businessman. At the end of March this year, he was sentenced to ten years in prison by the Shanghai Court for bribery by non-state personnel and infringement of trade secrets. Property was confiscated and fined RMB 100 million.

The "Hu Shitai case" was not as simple as Bao Yaozong said, but it shocked the world and shook the entire steel and mining industries.

Because of his existence, in the period since 03, six domestic steel companies have spent more than 6 billion yuan just because of the rise in iron ore prices, which is equivalent to more than twice the total profits of domestic steel companies in the same period.

Even in 2008, when the financial crisis broke out, the country had to once again accept the historically high price increase of 79.88% for fine ore and 96.5% for lump ore.

There are two main reasons why this situation occurs.

The first is due to mechanism issues. Before 1950, the global iron ore trading method was mainly spot trading; in the 20s, Xiaori became the main buyer of Australian iron ore, and the two parties began to sign short-term contracts, and in the 60s Later, it gradually developed into a long-term contract, with the iron ore volume and price locked in for 60 to 10 years.

By 1980, the annual long-term price agreement for iron ore began to take shape.

Every year, the world's major mines (iron ore supply side representatives) and major steel mill representatives (demand side representatives) determine the annual iron ore supply price through negotiations. This process is also known as "iron ore negotiations". The set price is the industry indicator and is widely referenced and adopted in other trade negotiations.

It was not until 2003 that our country joined the "iron ore negotiations." At that time, China was already the largest steel producer and consumer. However, in the six years from 2003 to 2009, our country was in the annual price game. , almost defeated repeatedly. As the world's largest buyer of iron ore, it has no pricing power.

In addition to the mechanism, the second biggest reason is Hu Shitai.

In the past few years, the domestic iron and steel association has mainly negotiated with BHP Billiton, Brazil's Vale, and Rio Tinto Mining Company.

After becoming an Australian native, Hu Shitai served as the chief representative of Rio Tinto and the general manager of Rio Tinto's Hammersley iron ore business in China. At that time, he was a member of Rio Tinto's "iron ore negotiations."

During the iron ore import and export negotiations, Hu Shitai used improper means to recruit and bribe internal personnel of domestic steel production units, and used this to spy and steal state secrets.

At that time, an insider informed the Daily Economic News reporter that the computers in Rio Tinto’s Shanghai office that were taken away by relevant departments contained information on dozens of steel companies that had signed long-term contracts with Rio Tinto.

This information involves the company's detailed procurement plans, raw material inventory, production arrangements and other data. Even the monthly steel output and sales of some large steel companies are very clear.

Because of his existence, the mine even knows their company better than the CEOs of some companies!

Of course, at the second level, even if there is no Hu Shitai, there will still be Zhou Shitai and Liu Shitai

The reason why such people can exist is, of course, there are some unspeakable things in it, but the fundamental reason is the first reason: the world's high-quality iron ore is in the hands of foreign capital such as Australia, Xiaoli, Brazil, etc., which in fact formed a monopoly.

Later, the country learned this lesson and used a variety of methods to reverse the unfavorable situation, including going to Africa to look for mineral sources, trying to acquire equity interests in three major mining companies, dividing Australia and Brazil, and using its own large customer base to bully stores.

"so"

Wang Yu shrugged his shoulders and said, "Tomorrow I have to go about my own business with the Feng sisters, so I can't accompany you."

"Understood, this is a big deal."

Bao Yaozong nodded and said: "Business about your things first, if you really want to have fun, when everyone has harvested almost this time, it will be too late to have a party."

The two were chatting enthusiastically, but Ye Lili's heart was in turmoil.

Does Wang Yu know her identity?

But at this time, he didn't shy away from talking about such things in front of her. What was he trying to do?

Aren't you afraid that you will leak the news to Mitsui?

Or is it that Mr. Wang doesn't care at all?

It has been almost a year since Ye Lili (Chiba Tsuruko) was given to Wang Yu by Mitsui Hiroki. She has enough time to understand Wang Yu's entrepreneurial history.

How could a person who built a huge business empire from scratch in six or seven years be a fool?

Even as a commercial spy, she greatly admired business wizards like Wang Yu.

So now the question is: Should this news be sent back?

"Secretary Ye, Secretary Ye!"

"Oh, I'm so sorry, President!"

Ye Lili came to her senses and quickly stood up and bowed to Wang Yu: "I'm sorry, I was fascinated by the beach volleyball over there just now!"

Tsk, the volleyball on your body is not small either.

Wang Yu looked at her with a half-smile and said, "I'll give you a task. Organize a small carnival party before we leave Rio. It can be placed on the beach or in a hotel. It's mainly to let the members of the chamber of commerce feel it." To the samba passion of America!”

(End of this chapter)