Three for international negotiations on iron ore mining operators in the sky-high claims, yesterday, China's industrial economic performance at the Spring Report 2010 conference, the Public Ministry spokesman Zhu Hongren the letter pointed out that iron ore prices rose 90% any normal operation of the enterprises are very difficult to bear. He warned that if the blindly and too much emphasis on short-term interests to consider, then the final result may be "lose-lose."

    ZHU Ren said that the current iron ore negotiations, or inter-firm behavior, from among enterprises to grasp. However, to ensure that the steel industry is stable and healthy development of all aspects of a high degree of concern. He hoped that both supply and demand can form a long-term cooperation of the situation, consider the interests of both parties, and thus beneficial to both sides.

    Iron ore negotiations have entered the period of stalemate, the international mining companies are clamoring the drive up prices, prices range from an initial 40% begun to skyrocket to 90%. Chinese Ministry of Commerce, said earlier stance, China's interests should be reflected in the iron ore negotiations, the Commerce Department will actively for the Chinese Iron and Steel Industry Association and the iron and steel enterprises to take part in the negotiations to provide support, including the necessary means to support the trade.

    Recently, the iron ore spot prices hit record highs. Tastes from India at 63.5% ore powder yesterday, the highest bid to reach 149 U.S. dollars / ton, analysts said the rally is still likely to remain for some time.

    With prices the way mine were flying steel prices, the European Union, the United States and Japan and South Korea and other countries export steel prices generally rose. Week 3, the main varieties of domestic steel market prices break 4,000 yuan / ton. Industry experts pointed out that the price increases mainly due to three international mining companies to form hints shill bidding market panic.

    At the same time, China's demand for iron ore rising every year, the foreign dependency rate rising nearly 70% last year, compared with an increase of 13 percentage points in 2008, imports accounted for 75% of world iron ore trade. Public letter to the Department of Monitoring Coordination Bureau Xin Guobin not without concern that: A large number of imported iron ore to support the development of iron and steel industry, the risk is growing.

    For the international mining companies adhere to one of the reasons is China's soaring demand for very strong. China's current steel production of rapid growth. Xin Guobin data is given, this year from January to February, the National crude steel output of 103 million tons, increased by 25.4% over the same period the previous year, 1.744 million tons steel produced daily, a record high. Crude steel output this year than last year is expected to grow by about 10%.