According to the China Iron and Steel Association’s monitoring, some mining-related companies have violated business ethics recently and published and hyped false information, seriously disrupting the fair order of the market and damaging the legitimate interests of market players. The Iron and Steel Association condemned it. Any behavior or participant that ignores the laws of the market and illegally interferes with the normal operation of the market should be corrected and the price should be paid for it.
The China Iron and Steel Association pointed out that a stable and orderly market is conducive to the long-term interests of all parties in the industry chain and needs to be jointly maintained by all parties. Mining enterprises must operate in good faith and perform contracts on time; relevant trading enterprises must operate in compliance with laws and regulations, and eliminate malicious speculation and hoarding; steel production enterprises must strengthen self-discipline, follow the principle of supply and demand balance, and grasp the rhythm of procurement. China Iron and Steel Association will continue to cooperate with relevant government departments to monitor the market, further strengthen analysis and research, and promote the balanced development of the industrial chain and the smooth operation of the iron ore market.
In response to the recent abnormal changes in iron ore prices, the National Development and Reform Commission and the State Administration for Market Regulation have recently jointly interviewed relevant iron ore information companies, and will send a joint research team to some commodity exchanges and key ports to develop iron ore Stone market supervision and research, and will take further measures to maintain the normal order of the market.
The China Iron and Steel Association stated that the implementation of these measures shows the firm stance and attitude of the government market supervision department to maintain market order, curb market speculation, and promote market fairness, and will definitely play a positive role in the stable operation and healthy development of the industrial chain and supply chain. .
Editor: Yu Qi
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