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Has always been a downturn in the steel industry this year, making imported iron ore prices have been high above began to fall, but also to the strong international mining giant is relenting. To take this opportunity, the Chinese steel industry wishes to re-enact the new iron ore pricing rules, and in order to compete for pricing right. Yesterday, the reporter was informed that the Secretary of the Ministry of raw materials have been organized by the China Steel Association and China Steel Corporation, Minmetals and Baosteel, Maanshan Iron & Steel, etc., held the iron ore price formation mechanism seminars.

The person in charge of the Ministry of Industry revealed that the meeting did not form a specific conclusion, listen to the views of businesses and associations, the establishment of new mechanisms to rely on market.

Iron ore, analysts believe that the new iron ore pricing mechanism is likely to rely on the existing iron ore spot trading platform. Iron ore trading platform established purpose is to allow the Chinese steel enterprises to get rid of the shadow of the three mines, and enhance the pricing right. Official running the past few months, low-volume, the overall effect is not expected, so this sub-Ministry of Industry may by ore price declined the opportunity to pull more mines, steel prices to the trading platform, in this manner so that the ore price is more reasonable. "the analyst said.