On June 21, the Price Department of the National Development and Reform Commission and the Price Supervision and Competition Bureau of the State Administration for Market Supervision went to the Beijing Iron Ore Trading Center to conduct a survey to learn more about the iron ore trading and price changes since this year, and held a special symposium to conduct research. Good iron ore and other bulk commodities to ensure the supply of stable prices.
The meeting pointed out that the price of iron ore has risen sharply and continues to operate at a high level, which has increased the pressure on the production and operation of mid- and downstream enterprises, and has attracted great attention from all aspects of the society. The state supports the healthy development of iron ore spot trading platforms, and encourages relevant market entities to trade in compliance with laws and regulations. At the same time, they will pay close attention to changes in spot trading prices, investigate abnormal transactions and malicious speculation in a timely manner, and implement monopoly agreements, disseminate price increase information, and drive up Behaviors such as price and hoarding will be severely punished according to law and publicly exposed to maintain a good market order.
