| In recent years,domestic oil and gas pipeline construction booming,also led to the demand for steel raw materials,especially the demand for hot rolled coil is increasing.HRC pipeline project tender procurement of raw materials in general.In the current market environment,the iron ore as hot rolled coil of the most important raw material price fluctuations are very intense,due to the successful delivery of such large contracts,long lead times,steel supplier profit in the period with a very large uncertainties.For such contracts,to hedge the risk of price volatility of iron ore,steel companies may choose to lock in profits on the futures market to hedge raw ore.But as to avoid the risk of financial hedging instruments,there is a considerable risk,many uncertainties exist during the course of hedging,hedging papers for Shougang’s iron ore projects,to carry out hedging item various risks faced by the process of analysis and research,and to identify measures to deal with these risks,which for steel companies to hedge risk management research is meaningful.China-Myanmar pipeline for hot rolled coil feedstock hedging program,the paper features and content of the project were analyzed,using the basic theory and method of project risk management,project risks were identified.On this basis,the identification of basis risk,financial risk management,speculative risk,risk monitoring and operational resources were evaluated,the results show the largest venture capital risk management for the project.Finally,according to the results of the risk assessment,to identify the risks presented corresponding risk countermeasures.Research papers not only have practical significance for Shougang iron ore deal with risk hedging programs,and other similar companies to hedge risk management also has a certain significance. |
