SMM: on the afternoon of July 20, Lu Guixin, a first-class inspector of the raw material industry department of the Ministry of Industry and Information Technology, and his party went to the China Iron and Steel Industry Association for research on the iron ore topic.
Vice President Luo Tiejun reported on the work of the Iron and Steel Association in ensuring the supply of iron ore, promoting the stability of the iron ore market and optimizing the pricing mechanism.
Inspector Lu Guixin fully affirmed the work done by the Steel Association. He pointed out that the recent trend of iron ore prices has deviated from the fundamentals, and it is necessary to take comprehensive measures to cure both the symptoms and the root causes, and plan the protection of iron ore resources from the short-term and medium-to long-term. Wang Yingsheng, deputy secretary general of the Steel Association, Lu Zhaoming, special director, and relevant personnel of the marketing department attended the forum.
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