Although Tianzhu has vomited blood support, its consumer market share is still too small, and it has little impact on the world steel market as a whole.

As a result, this artificial fabrication of only 50% of last year's steel consumption came out, and although it was accepted by the market, it only caused the price to drop by $5 per tonne.

Compared to the huge jump of $100 per ton of steel that has already risen, it is too small to be worth mentioning.

At this time, Mittal made a big move!

And it's not a trick!

There are two tricks in total.

These two tricks, if in normal times, are absolutely earth-shattering, and they are definitely the headlines of the economic section of a big newspaper, or even the headlines of the front page.

In fact, even if you see the sky, they are all on the first edition, but they don't get the headline position.

In the first move, he announced, Mittal Steel will increase its total output by 4% this year, from 1 trillion tons to 104 billion tons.

In the second move, he declared, Mittal had discovered an extra-large high-quality iron ore mine in a place where there had never been an iron ore mine, which could meet the company's sustainable development for twenty years.

And these two big moves, unlike his Tianzhu counterparts, have no false moves, they are all real moves, whether it is to increase production or new mines.

Increasing production is simply using existing capacity, which can be implemented practically anything, as long as there is a market demand.

And that mine has been excavated a long time ago, but the time has not come, and it has not been announced to the public for the time being.

There is nothing wrong with this approach, because when to determine the amount of reserves and when to be ready for mining are all within the scope of the company's own decision.

At first glance, it can be seen that the success of this Mittal is very justified!

These two tricks came out, if it weren't for the special situation of Qiao Zhi, it would be absolutely invincible.

It can also be seen that his preparation to become the richest man in the world is simply too full and perfect.

These two pieces of news just hit the soft underbelly of the market, coupled with the news that Tianzhu reduced consumption, if it was a mad cow rising in the general market, it would have been subdued a long time ago.

But this bull market was definitely not expected by Mittal, so his countermeasures came to naught!

The price volatility he brought to the market lasted only half an hour, and the market fell back to $250 a tonne, then stopped falling and fixed there.

However, in one minute, it was a strong rebound, which not only ate up all the pullbacks just now, but also surpassed the market price established earlier, reaching $350 per tonne.

With just one sword, he cut down $30 billion from Mittal!

This knife not only slashed Mittal's muscles and bones, but also slashed him heartbreakingly.

If a person who is proud of making money fails in the field of pride, he will be hit hard, and he will feel very profound.

Of course, he himself has a number of his net worth, whether it is Forbes, or other media, those numbers are all what he said, who knows whether they are accurate or not?

Moreover, those numbers are from some time ago, and even if they are accurate, they are only up to that time.

Therefore, those who really know the tricks in it will know that those numbers are never accurate and reliable.

But as the helmsman of the Iron Giant Consortium, of course he knows his family background, if this is not accurate, it is just a reason, he is too lazy to figure it out.

Mittal has changed from the son of an ordinary business owner to the world's top richest man, not to mention other abilities, one of the most basic qualities is diligence, so he also set up a special account book for his property, and updated the records every day.

Yesterday, his personal net worth had accumulated to $60 billion.

He also has no big ambitions, which is to double his personal net worth to $120 billion through this largest steel futures operation.

That way, he will become the richest man in the world.

He is only in his early sixties, and among the rich, he is still a young man, and he is also middle-aged at best, with a bright future and great achievements.

But now, the paper loss has halved his net worth, from $60 billion to $30 billion!

With such a loss, no matter how strong he is, he almost collapsed!

Although his money-making plan is unprecedented, it has not yet been realized, and the reality of losing money is unprecedented!

A loss of $30 billion in an hour is equivalent to ruining most of his life's efforts.

To make matters worse, he had to plug this thing up with cash.

Futures settlement is generally one of two ways, one is to calculate the difference directly, that is, the difference of $200 per ton of Mittal paid to the short buyer.

This method is crisp and neat, and it is loved by those who use futures as a means of speculation.

Another way is spot settlement, that is, which one of the short buyers insists on picking up the goods, and one ton of steel must be delivered.

These two ways are no different.

But this difference is based on a premise, which is that the spot in the market meets the needs, and if you want to buy, you can trade there and pick up the goods.

However, if there is not so much supply and there is no market for pick-up, it will be a disaster for those who are forced to deliver!

There's actually a major difference here.

Even if there is no corresponding supply in the spot market, it will not affect the market because there is no pressure from the supply side.

But if you have to get the goods, and the market doesn't, then the short seller's life will be sad, and it will simply not be able to survive.

In order to fulfill the terms of the contract, he had to search for goods all over the world, and once others hoarded Juqi, he had to raise the price of his home to buy them.

In this way, just one choice with a different delivery method can make the short seller worse than dead.

The key is how to deliver, the initiative of choice is not in the hands of the short seller, but in the hands of the short buyer, he just insists on delivering the spot, then the short seller, as the responsible party for delivery, can only take out the spot for delivery.

Thinking of this, Mittal was completely flustered.

As a veteran of the futures market, there is no other way but to use the old method to divert the crisis.

The old way is to close the short position in hand.

At this time, he will definitely lose money to close the position, but because it is not yet the last moment, there is still a lot of room for speculation and risk, that is, his short selling price is $350 a ton, and he buys at this price, so the risk of rising prices is transferred.

In the future, if the price rises by another $250 per ton, he will earn $250 a ton.

Otherwise, if he didn't make a move, this loss of two hundred and fifty dollars per ton would also be his.

As a result of the strategic partnership, Tianzhu's two steel operators, each Mittal shared 10 million tons, that is, another 1,000 tons of short selling futures contracts.

As a result, Mittal's total short sales are 2800000 tons.

Other steel futures players, without this responsibility, have to watch the show at this time, and none of them even short a ton of steel futures.