Wang Yufei, Deputy General Manager of Dalian Commodity Exchange (DCE) has stated at the Iron Ore International Market Forum (2019) held in Qingdao on June 4 that DCE is speeding up the launch of scrap futures and iron ore options, to enrich the safety chain of China’s steel industry.
Since China is the largest iron ore importer in the global market, the fluctuation in global iron ore prices will easily generate a direct impact on China’s steel industry. However, global market has experienced the profound adjustment, with more and more factors affecting iron ore prices. Finding a good way to avoid the potential risks from fluctuation in global iron ore prices will be necessary for the high-quality development of China’s steel industry.