Strut Systems,Metal Framing System,Pipe/Conduit Installation,Strut Channel Ningbo Yokelink Machinery Co.,Limited , https://www.yokelink.com
The mining industry has been experiencing a cooling trend for decades, and in recent years, the world’s three major iron ore producers have announced significant spending cuts. Brazil’s Vale, one of the largest iron ore companies globally, recently revealed that its capital expenditure budget for next year will be reduced from $16.3 billion this year to $14.8 billion — marking the third consecutive year of reductions. This is the lowest level of spending since 2010, as declining iron ore prices have had a major impact on profitability.
In addition to Vale, BHP Billiton and Rio Tinto have also taken steps to cut costs. BHP Billiton plans to reduce its annual spending from $21.7 billion last year to under $15 billion this year. Meanwhile, Rio Tinto has already achieved a $2 billion reduction in operating expenses this year and aims to further cut costs in the coming years. The company has also laid off thousands of employees over the past few years as part of its cost-cutting strategy.
Analysts suggest that these spending reductions are a response to the changing industry cycle. “The golden decade for steel is over,†said one expert, noting that mine profitability has declined compared to previous years. With slowing demand in key markets like China, mining companies are under pressure to improve efficiency and reduce costs.
China’s steel production growth is expected to slow significantly in 2014, which in turn is reducing demand for iron ore. According to the China Metallurgical Industry Planning and Research Institute, the growth rate of crude steel output will drop from 6.7% this year to 3.8% next year. This slowdown, combined with an oversupply of iron ore due to new mine capacities coming online, is putting downward pressure on prices.
Vale’s head of iron ore and strategy, Jose Carlos Martins, warned that global iron ore production capacity could exceed demand by 5–6% by 2018. By 2020, global production may reach 1.6 billion tons, while consumption is only expected to hit 1.5 billion tons. This imbalance is likely to keep prices low for the foreseeable future.
Moreover, long-term de-capacity policies in China’s steel sector are expected to further weaken demand for raw materials like iron ore. As more overseas equity mines enter the Chinese market, the pricing power of the big three miners — Vale, BHP, and Rio Tinto — is being challenged. This shift is forcing them to rethink their strategies and focus more on cost control and operational efficiency.
Strut System & Accessories
Yokelink is a professional manufacturer and fabricator of steel and aluminum series products which are used in support of equipment for industrial, commercial, utility, and OEM installations. We are proud of the exacting standards of research, design, engineering, and manufacturing that go into each and every product that comprise our strut product line. Our customers have access to one of the most complete support strut systems offered in the industry, including metal framing, cable tray, pipe hangers, slotted angle, and fasteners.All of our strut system products are manufactured to meet or exceed Metal Framing Manufacturers Association (MFMA) and other industry standards set for their design and manufacture.
Our strut system including series of strut channels,metal framing system,angle fittings,cable tray,pipe hangers and fasteners. Hardware, Fittings, Mechanical & Electrical Accessories,Special Materials (Aluminum, Stainless Steel, Fiberglass),Mini Channel, Concrete Inserts, Slotted Angle...etc
Features
• Easy integration and configuration
• Comprehensive library of 2D drawings and 3D models for CAD, BIM, PDMS, SP3D,
and graphics output
• Up-to-date software versions and product data information
• Submittals and specification sheets in PDF format
• Proprietary file format outputs are native to the chosen software
Yokelink Metal Framing System Catalog. A comprehensive guide to the world's most verstile metal framing system.From the handy table of contents to the expanded and updated te chnical data,every detail was designed for one purpose:To make your job easier.The following pages contain product drawings as well as desciptive material and supporting technical infomation that will help you make the right sepecifying or buying decision,quickly and effeciently.
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