918 Futures settled, and ended up with nothing
At this time, Mittal finally felt the aftermath of his lack of a good foundation for relationships when he was proud.
He has fallen into an unprecedented disaster, and at this time, everyone needs to gather firewood and help him get through it.
But what about the facts? Except for Tianzhu's two strategic partners, no one reached out to help.
Even the two strategic partners of Tianzhu tried their best to be very low.
If they really want to live and die with Mittal, they can at least afford 50 million tons of steel futures contracts each, because they produce so much.
Selling short at $350 a ton and making up for it with their own products is just a little less profitable.
Miel knows that the cost price of these two companies is about 300 US dollars.
But at this time, Mittal is also helpless.
He really can't complain about others yet.
Although he was a little resentful at first, he quickly figured it out after careful consideration.
In the mall, this is the norm.
Even if you usually get along with him, when it comes to the situation where whoever goes up and who dies, others will not die rashly.
And from your own position after thinking calmly, you don't want him to die with you.
Especially in the current situation, even if you pull a few backs, you still can't avoid your own death.
On the other hand, they could have lightened his burden even more, but there was no way he could ask them to live and die together.
Ask others to live and die with you, and you must have the dedication to live and die with others.
All kinds of thoughts rushed by, and Mittal calmed down and made up his mind to stop struggling uselessly.
Spending more money will not solve the problem, at best it is just a big expense.
Therefore, he locked himself in.
So, he locked himself up on the top floor of the headquarters building, where he needed to make big decisions and that only he could reach.
There was no equipment but a giant TV.
That TV, which connects the various futures markets, is dedicated to showing the price fluctuations of steel futures, and of course, the trading volume.
Due to the application of pip trading technology by each company, the effects of different time zones in which exchanges around the world receive are largely eliminated.
The application of this technology has led to the use of high-tech means to trade in different markets to earn the difference in price caused by the time it takes for news to circulate.
In other words, no matter where you trade, it is a price level in the world.
This means that the whole world has formed a unified futures market, although they are still separate and not organized together.
Mittal saw the price chart at a glance, a red line that went straight up.
This diagram is part of the analytical tool, which is usually a standard segment of one dollar, but today it should have risen too fast, so I had to change one dollar to ten dollars.
Even so, the entire surface has been pierced and occupied by the huge red arrow.
Mittal suddenly felt dizzy and almost didn't fall!
The immediate feeling was that the giant arrow pierced his heart!
At this moment, a shadow quickly ran over and helped him.
It turned out to be his beloved daughter Vanessa.
Although Mittal's steel company has shares listed, but because his family holds an overwhelming majority of shares, the management is ostensibly a general company model, in fact, it is still a family-based management, and he and his family members are elite talents in management, except for his eldest son is the chief financial officer, his beloved daughter is the head of the company's important food, including taking care of her father.
Therefore, Vanessa is the only person other than his father who has the right to come in, and is responsible for everything here.
Mittal was particularly fond of this daughter, and gave her the most expensive house in the world, worth more than 100 million pounds.
Seeing her resolute and optimistic father like this, she was simply haggard, and Vanessa couldn't help crying.
She poured him a glass of water and said, "Dad, don't worry! No, we don't want this company! Also, I don't want the villa you gave me, I just go and plug that hole! If it doesn't work, we will declare bankruptcy! Even if you have nothing, your daughter will work, you can ensure that you have no worries about food and clothing, and you can just enjoy the joy of family!"
Looking at his beloved daughter who was crying with pear blossoms and rain, Mittal felt much calmer.
When he saw that red line, the thought of suicide suddenly rose in his heart!
He used to see his peers who failed to do business, lost money in stocks, couldn't withstand the blows, and committed suicide, and he felt sorry for them while laughing at them for being cowards!
If it were him, he would never have made such a decision!
In that moment, he understood the desperation of those people.
That despair actually destroyed all his life in a very short period of time, and this extreme disappointment plunged into darkness, and there was no light in front of him.
This kind of emotion makes people feel that life is worse than death.
At this time, the best way to get rid of the bondage of this emotion is to persuade and comfort those closest to you.
Fortunately, with such a buffer, Vanessa also happened to be out when she needed it most, otherwise this legendary Iron King would probably have returned to heaven today.
Because of the direction of the market, as Mittel sat down, it swooped up again.
In the final analysis, it is Qiao Zhi who is making waves there.
When steel futures rise to $350 a tonne, if there is no new increase in demand, it may end at this price.
But a few people who want to do big things, including Qiao Zhi, Jiang Yidian, and Moon Gongzi, are willing to disappear to this extent!
As a result, Jiang Yidian and Moon Gongzi each made a purchase order for 50 million tons of steel.
Jiang Yidian represents the China Chamber of Commerce, which is in full bloom, and civilian, industrial and commercial enterprises, and military industrial enterprises will make up their own efforts and will not blow up their efforts, that is, 50 million tons.
And Moon Gongzi, as the governor of the whole world, ordered 50 million tons of steel on behalf of the ten governors, and said that this was only the first batch.
As soon as these two pieces of news were digested by the market, the red line of Mittal's computer became a segment of fifty dollars, and it took two big leaps in a row!
The current market price is now $550 per tonne, which is more than the previous maximum price of $500 per tonne.
At this point, Mittal completely gave up hope!
All his assets were lost.
His daily bookkeeping, tracking how he became the number one in the world, came to an abrupt end.
The last figure is a loss, and the amount is 63 billion.
There is also a simple calculation formula: short selling 1800000 tons, a net loss of 350 US dollars per ton, 1800000 tons * 350 US dollars = 63 billion US dollars.
There are also five big characters, which turned out to be Chinese - heaven and goddess!