For the three major iron ore suppliers ore prices will rise 80% -90% of the demand, China's iron and steel enterprises expressed the hope that iron ore producers be able to long-term view. China Steel Association, long, Deng Qilin, general manager of Wuhan Iron and Steel Group, said that acceptance of unreasonable high prices of ore, which will steel prices into just no turning back situation. Iron ore producers should not make huge profits, so that iron and steel enterprises "do not even drink the water."

As the biggest buyer of iron ore, iron ore, China has supplied a steady stream of huge profits, but by the rising price of iron ore to the pressure on the survival of enterprises. China Iron and Steel Industry Association, February 9 released data show that in 2009 China's 68 large and medium iron and steel enterprises realized profits of 55.388 billion yuan, down 31.43%. According to China Steel Association statistics, 72 large and medium sized steel prices on sales in 2007 of 7.5% in 2008 down to about 5%, while in 2009 dropped to 2.8%.

Stark contrast to the huge profits of the three major mining companies. Rio Tinto's 2009 net profit rose 33 percent, reaching 4.78 billion U.S. dollars; BHP Billiton in the second half net profit rose 134%, reaching 6.1 billion; Vale do Rio Doce company's fourth-quarter profit rose 15%, reaching 1.57 billion U.S. dollars.

Mining companies and steel companies built up long-term cooperation between the idea of chasing short-term profits are being replaced by the behavior. However, "Banded", sky-high claims will be possible for iron ore suppliers eventually become losers. Some experts pointed out that the pattern of global iron ore supply to see, iron ore is not a scarce resource. Long-term maintenance of high iron ore prices will inevitably force steel mills to find other resources to supply channels in order to reduce dependence on the three mines. Consequently, the mine operators to obtain short-term profits should abandon the idea of taking a long look at the pricing of iron ore