February 24, 2011, China Steel Association in 2011, the first industry information conference, China Steel Association announced the suspension of its leading iron ore negotiations, China's steel industry has completely lost the iron ore negotiations in the right to speak The For the future of the iron ore road, former vice president of China Steel Association Luo Bingsheng said that iron and steel enterprises have direct contact with foreign miners.

Just the "two sessions" season, iron ore issue also became the two representatives, especially the industry, the media focus. March 6, the National People's Congress, Minister of Industry and Miao Wei said that in order to deal with the overseas iron ore giant bargaining caused by the pressure of rising steel costs, "China is prepared to take a variety of ways to control the rising cost of ore to prevent steel prices to the downstream Such as expanding the diversification of iron ore sources and increasing the recovery of scrap in society.

6 pm, Hebei delegation held a second meeting of the whole group, one of the issues is the Hebei Iron and Steel overseas mineral investment. Wang Yifang, chairman and general manager of Hebei Iron and Steel Group, said that these years, according to the tension of iron ore, has been committed to the development of foreign resources, and now in addition to our BHP (force and force There are some interests in the mine, in other places not yet, the company in recent years this work has been carried out, there are several mines have made great progress, so it is not good to say how much money in the end, how much resources to develop, This depends on the last question that can not be talked about, especially when it is in a high period of time. It is not easy to develop some of the equity mines, including iron ore and coking coal. We are trying to do this work.

As a relatively successful overseas mineral pioneer - Wuhan Iron and Steel also attracted media attention. Iron ore price negotiations results, is not conducive to the development of domestic iron and steel enterprises. National People's Congress, Wuhan Iron and Steel Group General Manager Deng Qi Lin said in an interview, Wuhan Iron and Steel to take the purchase of mineral rights, equity, joint ventures, sole proprietorship, equity and other business methods to increase the probability of successful investment, The development of eight foreign iron ore resources projects, locked ore reserves of tens of billions of tons.