China Iron and Steel Association: A new order for a more equitable, transparent, and sustainable iron ore market is gradually taking shape.

According to the Zhitoong Finance APP, the China Iron and Steel Industry Association has stated that for a long time, the iron ore industry chain has shown structural imbalance characteristics between upstream and downstream. The upstream international mining companies are rolling in riches, while downstream domestic steel enterprises are struggling to survive, highlighting a stark contrast. This imbalanced and unreasonable distribution of interests between upstream and downstream has affected the healthy and sustainable development of the entire industry. In recent years, calls for rule restructuring and value return have been increasing, and the iron ore market structure is facing profound adjustments. A new market order that is fairer, more transparent, and sustainable is gradually being established.