Over a long period of time, the upstream and downstream iron ore industry chains have been characterized by structural imbalances. There is a stark contrast between the “fude oil flow” of upstream international mining companies and the “difficult times” of downstream domestic steel companies. This unbalanced and unreasonable distribution of upstream and downstream benefits affects the healthy and sustainable development of the entire industry. In recent years, all parties have been calling for rule restructuring and value return day by day. The iron ore market pattern is facing profound adjustments, and a new market order that is fairer, more transparent, and sustainable is gradually being built. First, China has hedged the “variables” of global supply with the “constants” of hyperscale markets. Second, a diversified resource supply system is being established. Third, it has become a consensus to resolve the structural imbalance between upstream and downstream interests. Finally, a more objective and transparent iron ore pricing mechanism was gradually established. For a long time, the pricing of the US dollar index was mostly based on the trading prices of a small number of international mining companies in the US dollar market. China has the world's largest port spot market, and its transaction price can more objectively and truly reflect the supply and demand situation in the market.

Over a long period of time, the upstream and downstream iron ore industry chains have been characterized by structural imbalances. There is a stark contrast between the “fude oil flow” of upstream international mining companies and the “difficult times” of downstream domestic steel companies. This unbalanced and unreasonable distribution of upstream and downstream benefits affects the healthy and sustainable development of the entire industry. In recent years, all parties have been calling for rule restructuring and value return day by day. The iron ore market pattern is facing profound adjustments, and a new market order that is fairer, more transparent, and sustainable is gradually being built. First, China has hedged the “variables” of global supply with the “constants” of hyperscale markets. Second, a diversified resource supply system is being established. Third, it has become a consensus to resolve the structural imbalance between upstream and downstream interests. Finally, a more objective and transparent iron ore pricing mechanism was gradually established. For a long time, the pricing of the US dollar index was mostly based on the trading prices of a small number of international mining companies in the US dollar market. China has the world's largest port spot market, and its transaction price can more objectively and truly reflect the supply and demand situation in the market.