Iron ore import dependence is expected to crack

Abstract By formulating plans and forming a clear and clear “road map”, we can standardize and lead the development of the industry, improve the industrial concentration, enhance the right to speak in the global mining market competition, and ensure the strategic security of the supply of raw materials for the steel industry.
By formulating plans and forming a clear and clear “road map”, we can standardize and lead the development of the industry, improve industrial concentration, enhance the right to speak in the global mining market competition, and ensure the strategic security of the supply of raw materials for the steel industry.

On March 18th, the preparation of China's first “medium and long-term development plan for iron ore industry” was officially launched in Beijing. Organized by the Ministry of Industry and Information Technology and the China Metallurgical Mine Association, the planning work undertaken by Angang Mining Co., Ltd. will start from the overall development plan, special development plan and key regional development plan, based on the current status of the industry. The 10-year development blueprint for the mining industry from 2016 to 2025. This will play an extremely important role in solving the dilemma that China's iron ore raw material supply is highly dependent on imports.

China has more than 70 billion tons of iron ore resources, but the external dependence of iron ore is still as high as 70%. The data shows that in the past 10 years, China's iron and steel enterprises have accumulated more than 2 trillion yuan in raw material costs due to high mining prices, and huge raw material expenditures have swallowed most of the profits of steel companies. In 2013, the sales profit rate of steel enterprises over 5 million tons in China was only 0.55%. If investment income was taken into account, the main steel industry was actually at a loss. The reasons for the dilemma of China's steel industry are many, but the backward development of domestic iron ore resources and the high dependence of iron ore imports are important factors. With the increasingly fierce competition in global resources, it is extremely urgent to strengthen the planning and construction of domestic mines and establish a strategic safety guarantee system for iron ore.

According to Shao Anlin, the leader of the planning team and the deputy general manager of Anshan Iron and Steel Group Co., Ltd., at present, domestic mining enterprises are small and scattered, with low resource utilization rate and high production cost, which makes China's iron ore resources have low protection and outstanding ecological and environmental problems. It is difficult to meet the needs of the healthy development of the national economy, and it is difficult to guarantee the strategic safety of the raw materials of the steel industry. It is necessary to carry out overall planning and system integration of China's metallurgical mining enterprises at a strategic height.

Leading enterprises to lead the development of the industry's development plan, mainly because the development experience of Anshan Iron and Steel Mining has a leading and demonstrative role for China's metallurgical mining enterprises. In recent years, Angang Mining Company has taken the lead in implementing the enterprise development strategy in China's metallurgical mining industry and built a smart mine. Since 2008, Angang Steel has accumulated more than 35 billion yuan in profits and paid 18.2 billion yuan in taxes. At present, the company has become a leading metallurgical mining enterprise with a complete industrial chain in China. The total amount of resources under control is ranked first in the world, the total amount of mining ranks second in the world, and the output of iron ore ranks fifth in the world. International leading level.

Regardless of the level, the launch of this planning work is of great significance. From the national level, through the formulation of iron ore resource development planning, a clear and clear “road map” for the development of mining enterprises can be formed, which can standardize and lead the development and progress of the industry, and enhance the contribution rate of the metallurgical mining industry to the development of the national economy as a whole. From an industry perspective, under the grim situation that foreign mining giants monopolize resources and cause large losses in China's steel industry, by formulating iron ore resource development plans, it is possible to promote resource integration, increase industrial concentration, and enhance competition in the global mining market. The right to speak guarantees the strategic security of China's steel industry raw material supply. From the perspective of the enterprise itself, through the formulation and implementation of the system development plan, it can promote enterprise management and technological innovation, improve resource utilization, achieve green development, and enhance the innovation capability and competitiveness of the enterprise.

Domestic experts and scholars are optimistic about the implementation prospects of this plan. A number of experts said that the formulation and implementation of this plan will create China's first iron ore resource security strategy, marking that iron ore resources have risen to a national strategy, boosting China's world-class iron that combines production scale and innovation capability. Mining enterprises are China's powerful counterattack against the monopoly of foreign mining giants, and will have a major and far-reaching impact on the global mining market.

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