China's iron ore imports will adhere to the negotiation and coordination mechanism. Yesterday, the National People's Congress, China Iron and Steel Industry Association, the new president Zhu Jimin said that the future of China's iron ore import prices will continue to negotiate mechanism.

According to Zhu Jimin, China's dependence on foreign iron ore last year reached 62.5%. Zhu Jiemin said that due to rising international iron ore prices, steel prices are likely to continue to rise.

How to get rid of iron ore dilemma? Zhu Jimin said that on the one hand should reduce the dependence on iron ore, on the other hand the implementation of reduced consumption, improve the performance of steel grades. "Iron and steel grade performance generally raised to 2 to 3 levels, steel consumption will be reduced by more than 10%." Zhu Jimin said that the reduction of consumption is the focus of the country to change the economic way.

2010, one year talk about the long association mine was the Big Three to abandon, by quarter of the quarterly mine instead. And this year's negotiations have been recognized by the Steel Association has been suspended. Just left the China Steel Association president of Wuhan Iron and Steel, general manager of Dengqi Lin March 7, said: "From the beginning of 2009 is the Big Three has the final say, there is no long association mine price said.