Iron ore comparison: Brazil's iron ore (mainly Yan Di ore powder) has high iron content and high price; The iron content of Pilbara ore powder in Australia is lower than that of Yan Di ore powder in Brazil, but the price is relatively cheap.
Comprehensive comparison: the voyage from Santos port in Brazil to Shanghai in China is 1 1840 nautical miles, and the freight is $83 per ton; The voyage from Melbourne Port to China and Shanghai is 4460 nautical miles, and the freight is $36 per ton. Because the price of iron ore in Brazil is high and the freight is very expensive (the price of iron ore in Brazil is more expensive than the iron ore shipped from Australia to China), steel manufacturers in China mainly buy iron ore from BHP Billiton Group, Rio Tinto Group and FMG Group in Australia.
China buys about 39% of the world's iron ore output every year, so the price of iron ore is very important to China. Therefore, China has joined the annual iron ore price negotiation (steel manufacturers such as Baosteel of China, Nippon Steel of Japan, ThyssenKrupp of Germany and Rio Tinto Group, Vale of Brazil and BHP Billiton Group conduct annual one-on-one negotiations to ensure their own national interests), so the differences and negotiations of iron ore among countries have little impact.