In view of the recent abnormal changes in iron ore prices, the national development and Reform Commission and the State Administration of Market Supervision recently jointly interviewed relevant iron ore information enterprises, and will send a joint research team to carry out research on iron ore market supervision in some commodity exchanges and key ports, and will take further measures to maintain the normal order of the market. The implementation of these measures shows the firm position and attitude of the government market supervision department to maintain market order, curb market speculation and promote market equity, which will play a positive role in the stable operation and healthy development of the industrial chain and supply chain.
According to the monitoring of China Iron and Steel Industry Association, recently, some mining enterprises violated business ethics and released and hyped false information, which seriously disturbed the fair order of the market and damaged the legitimate interests of market subjects. The iron and Steel Association condemned this. Any behavior and participants that ignore the market law and illegally interfere with the normal operation of the market should be corrected and pay a price for it.
A stable and orderly market is conducive to the long-term interests of all parties in the industrial chain and needs to be jointly maintained by all parties. Mining enterprises should operate in good faith and perform their contracts on time; Relevant trade enterprises shall operate in accordance with the law and eliminate malicious speculation, hoarding and other acts; Iron and steel production enterprises should strengthen self-discipline, take the balance of supply and demand as the principle, and grasp the procurement rhythm. China Iron and Steel Industry Association will continue to cooperate with relevant government departments in market monitoring, further strengthen analysis and research, and promote the balanced development of industrial chain and the smooth operation of iron ore market.
