The pricing power of iron ore has been firmly grasped in the hands of the three major mining giants. These monopoly giants continue to push up prices to make huge profits, but the recent bleak prospects of the steel market will gradually narrow the profit margin of iron ore. On November 22, 2011, JPMorgan Chase lowered its iron ore demand forecast based on global economists' expectations for world economic growth, and accordingly lowered its price expectations accordingly. The overall sluggishness of China's domestic steel enterprises also indicates that the industry's sluggishness will directly reduce the demand for iron ore, and thus reduce its profit margin. Every year from December to February is the off-season of steel consumption, but in the off-season in 2011, it has been “coldâ€. Due to the slowdown in infrastructure investment such as domestic real estate and railways and the impact of the European debt crisis, this cold current is likely to continue. Until the first half of 2012. As the world's largest consumer of iron ore, China's steel consumption decline has reduced the demand for iron ore, and the reversed supply and demand relationship can have more say in the bargaining space. The future iron ore market trend is likely to be a strong supply to cater to the weak demand, iron ore pricing is no longer a "speaking" situation.
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