Support the development of transparent market

GobalORE gobalORE marketing manager ShangLong said to support the development of transparent market.

He pointed out that globalORE is a physical iron ore trading platform for the electronic, the goal is to support a liquid 5D induction bends 90 degree and transparency of the iron ore market, founded in 2012 by industry leaders such as baosteel, will be BHP billiton, glencore, hunan valin iron, ore, Rio tinto and vale of Brazil was launched, the existing 92 members, including the world including global steel, miners, and physical trading company (from Africa, Australia, Brazil, China, Europe and Japan). Since it was established in May 2012, 30, from the date of the iron ore on the globalORE turnover has amounted to 17 million tons.

GlobalORE is efficient, transparent, long radius butt weld pipe elbow rolling and security four big characteristics. Efficient refers to all transactions with the support of standard contract SIOTA = reduce the risk of contract negotiations and foundation; Transparent, is easier to compare prices, because different transaction under the terms of the contract and quality index is the same; Flow is refers to the market member community represents the global leader in the spot market participants; Security refers to the regulation of the monetary authority of Singapore, instantaneous trade execution, the A106 spiral welded steel tube manufacturer confidentiality of the market.

All the pricing information on the globalORE is decided in the buyer and the seller before the prices have been defined (quality, price adjustment and the terms of the contract), which is the market to decide price, globalORE will not price assessment, only after the trade effects of price adjustment is iron grade.

GlobalORE platform, as it were, as well as the price is transparent in daily, at the same time is also based on market members own views on the market a planning. It is important to note that in contrast globalORE quotation, please note that the reference foundation of iron grade and price adjustment formula. Because of the possible with other channels reported price is different.