According to latest data released by China Customs, China's iron ore imports in February were down, refrain from imported ore price in just a few weeks time, have fallen Jin Yicheng.

    Ore price has been ex-factory price with Chinese steel mills and steel prices in the domestic spot market, "three-way sync" into the downstream channel. Baosteel Group official said, China's steel industry to maintain high growth momentum for years has diminished, is bound to find a new structural adjustment in the "power source."

    The leading steel companies still maintain a relatively clear head. Baosteel Group Chairman Xu Lejiang said the Chinese steel industry over the years has maintained rapid growth is over, China's economic transformation and upgrading in the context of the Chinese steel demand growth has slowed down, the upward pressure on the industry highlighted the operating cost, the steel industry will and enter into the era of low-profit low-carbon stage of development. From the development trend, the basic factors of production in the steel industry, the impact of competitive structure will tend to drop R & D and other production factors and the impact of soft power will rise.

    Ministry of Industry and Luo Tiejun, deputy director of raw materials, also believes that the steel industry is facing is not a short-term market correction, but a "transformation and development of" comprehensive planning is important, not sake of discussion. The industry believes that China's steel industry this year will again face the high cost of raw materials upstream and downstream needs of the poor "squeezed at both ends." This "