Chapter 1971 The Price Finally Increased

Of course the big news didn't get out.

In this era without mobile phones or computers, news can only be spread through television, newspapers and magazines.

In China, none of this can be done by private individuals.

Even before the news reached the guest house, the director and Chief XX who rushed over ordered everyone to stop talking nonsense.

Disobeying orders is considered a violation of military orders, and everyone understands the appropriateness.

Yin Jun had a warm conversation with them and donated 1 million yuan to replace their troops' vehicles, which was considered a gift in return.

In fact, the young man did not stay in Ice City for a few more days. He only spent two days with his daughter and wife, and then took off directly from Ice City, stopping in Hawaii and Los Angeles, and landed in New York.

It's not that "Forrest Gump" has to be filmed. It's Yin Jun's own film project. It doesn't make any difference if it's two days earlier or two days later.

It is a meeting of the iron ore industry. After five negotiations starting in April, a resolution has been reached.

Wei Li, who attended the meeting, informed Yin Jun immediately.

The content of the resolution is very simple. In the three years starting from 1986-87, the annual iron ore price will increase by US$2.

Don’t underestimate the $2 per year.

You know, the current price of iron ore is only 20 US dollars, and the price increases by about 10% every year. In three years, it will be 30%. This range is really not small.

Yin Jun was a little surprised when he heard this number.

Didn’t it mean that before 2000, the price of iron ore was US$20?

Why did the price suddenly go up even though it was said to be going up?

But he thought about it carefully and found that in his memory, there was only the sentence "In the twenty years since the 1980s, the price of iron ore fluctuated around US$20", which did not say that the price would not increase.

Maybe the price will increase a little in the past two years and then drop a little in a few years?

Thinking of this, Yin Jun couldn't help but feel happy.

It just so happens that I have so much iron ore in my hands. The Japanese and Koreans want to use more iron ore and make it cheaper... That's a dream!

Now that the price has increased, I am not prepared to drop it back, at least until it reaches $100. Don’t expect me to agree to a price reduction.

In fact, everyone agreed with this price increase. Wei Li didn't have a big opinion in it. He just followed the general trend, and ended up running into such a good opportunity.

In his opinion, isn't this giving money to Qilin Mining Company?

Our iron ore has not yet been released, and the price has begun to rise. When our iron ore comes out in two years, won't we make 20% in vain?

20% of US$3 billion, that’s US$600 million!

Tsk tsk, why don't you say that you must follow someone who is favored by destiny? If you don’t follow them, how can you enjoy the joy of success after success?

Those classic books from the East are really right!

The two very happy people finally met in New York on the third day.

Yin Jun was sitting on a private jet, but he was not really tired from the journey. He slept twice and went for a walk while refueling in Hawaii and Los Angeles. He was in a very good state of mind.

At this time, the Iron Ore Association's contract has been signed, and everyone will notify their partners like this after returning.

In fact, there is no need to go back to inform. Communication is so convenient now. Basically, after they come out, the major steel manufacturers will get the news.

Even Nippon Steel's representative chairman and chairman Ota Shohei and Posco's chairman Kim Sun-shin are shareholders of BHP Billiton, and they were at the venue.

"These two people didn't make any noise?" Yin Jun asked curiously while drinking milk tea.

"Why not? They threatened us with withdrawal and lawsuit twice before, but Casenho and Simeone were still impatient and discussed it with a few of us, and finally we reached an agreement directly." Wei Li said, "After all, they are only small shareholders of BHP Billiton, and this is also the general trend. Who doesn't want to make more money? It's not just their steel company!"

"As a result, the price of steel on the market will probably increase, right?" Yin Jun said thoughtfully.

"Definitely." Weili said, "Just yesterday, Nippon Steel and Posco issued statements. It is expected that the prices of orders starting next year will increase by about 10%, and the cost will increase every year in the future." Weili said, "As soon as the news came out, the stocks of the two companies immediately fell sharply. All steel companies have not risen in the past few days."

This is also a natural thing.

Although steel companies have huge capital flows and huge output, their profits are actually not high.

In fact, those who work in industry are not too high-paid, and are far less profitable than the semiconductor and electronic industries that will follow.

Once costs rise, their profits will decrease.

However, Nippon Steel and Posco are still a little responsible. They did not increase prices immediately, but chose to wait until next year.

If you exchange for something that you can't bear the loss, you have to increase the price now to make up for your future losses.

Yin Jun was actually a little happy.

If they raise prices, Baosteel's steel materials will become easier to sell.

Although the steel that Yin Jun sells to Baosteel will definitely increase in price according to the agreement, the country will definitely not mind.

Because Yin Jun only received RMB, not their precious foreign exchange, and all the money was used to buy land and build houses. It could also promote the development of the construction industry and promote economic growth in the country. It was completely killing two birds with one stone!

Nippon Steel and Posco have successively raised their prices, and Baosteel's steel does not need to reduce its price. It can be sold at this year's price, and it will have very strong competitiveness.

Don't underestimate the price difference of about 10%. It involves the purchase and sale of millions of tons or tens of millions of tons of steel. The price difference of 10% is already considerable!

"Do you think this 10% range is too little?" Yin Jun's ambition aroused at the thought of making China's steel more competitive.

"You should stop thinking about this." Weili couldn't laugh or cry, "At this price, people from Japan and South Korea have jointly protested, and they have even begun to look for new iron ore resources in Africa. Now, get ready to mine it yourself!”

"Africa?"

Yin Jun laughed after hearing this, "Let them go! In that place, unless they station the army there, it is simply a dream to mine safely!"

Wei Li was also a person with some common sense, and he nodded when he heard this.

Even large companies in Europe and the United States, relying on the powerful country behind them, will encounter trouble every day there.

Most of the current mercenaries in Europe and the United States operate in Africa, and they are basically hired by these large companies.

When Japanese and Korean companies started mining in the past, they definitely encountered more problems than European and American companies, and they might even end up losing more than they gained.

Otherwise, do you think businessmen from Japan and South Korea would be so honest and keep coming to buy iron ore from Europe and the United States?

Their country is too small and their military strength is almost zero, so they can only exert their industrial power when there is peace and stability.

"By the way, our iron ore supporting facilities need to be speeded up." Yin Jun told Wei Li about the contract he negotiated at Baosteel, "You should recruit new people at Wankang Company as soon as possible. Those who should be given along the way We should cut through the mess quickly when it comes to fees and benefits... Don’t hesitate to take measures when it’s time to do so, and we can’t allow others to blackmail us.”

"I know."

Wei Li hesitated for a moment, then nodded in agreement.

Qilin Mining Company is Yin Jun's company. He is just a wage earner. There is no way to stop Yin Jun's decision-making. Moreover, this is against Yin Jun's motherland.

He had clearly seen Yin Jun's attitude towards mainland China as early as in Xiangjiang, and knew that there was no room for negotiation on this matter.

Two years ago, Weili would still be a little unhappy, but not anymore.

Not only was Yin Jun's bonus of tens of millions of dollars in dividends every year, which directly made Wei Li elated, but also because Wei Li had the work of hundreds of thousands of people in his hands, which was much larger than the companies he had run before.

Yin Jun would never interfere with him in specific affairs, so Weili had a real taste of what it was like to be a prince. It was simply impossible for him to give up his position as the general manager of Qilin Mining Company.

And the most important thing is that Qilin Mining Company has now found two super large iron mines of almost 3.5 billion tons, and Yin Jun predicts that at least two more can be found.

Weili knew clearly how big a role a company with iron ore reserves of 7 billion tons would play in the world economy in the future.

But what he admires more is Yin Jun's omniscience and omnipotence.

Being able to follow such a genius and witness the coming of a great era is what Weili looks forward to most now.

So he knew that this would not maximize his interests, but he faithfully carried out Yin Jun's orders.

"Over there at Duanyun Mining Area...do we need to start preparations now?" Weili asked again.

"No." Yin Jun shook his hand, "Well... you ask them to be responsible for prospecting more carefully. I always feel that there should be another mine over there in Duanyun. The reserve of 1 billion tons is still a bit small."

"yes."

Willie nodded.

When they were discussing the Duanyun Mining Area before, Yin Jun said that he felt that the Duanyun Mining Area was not just that small, so he wanted to expand the area by another hundred kilometers to look for other mineral sources.

Therefore, such a prospecting team of hundreds of people has been continuing to work in Duanyun Mining Area recently, looking for,

Many people think that Yin Jun is a little too optimistic. After all, 1 billion tons have been found in the Duanyun mining area. This is already an amazing result. Do you want to find another big one?

Rather than spending all this energy, it is better to continue working hard to the west. More than half of the land there has not been explored. It is not impossible to find a new 1 billion ton iron ore area.

But Wei Li didn't care about this at all. If Yin Jun said it was possible, then it was really possible.

How can a mere mediocre person understand the magic of genius! ?