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China Steel Industry Association announced on the 26th of Rizhao City in Shandong Province to investigate the international iron ore trading center report. The center reported that imports of iron ore shall not engage in any trade, trading activities and the need for internal reform renamed.
The report reads as follows

In order to further implement the iron and steel industry restructuring and revitalization of Planning National Development 2009 6 the spirit of the document, carefully prepare the import of iron ore to rectify and standardize market order flow, by the China Iron and Steel Industry Association, the Department of Commerce Foreign Trade Division, five Mine Chemicals Import and Export Chamber of Commerce joint investigation team investigation team members China Steel Industry Association Xian-Wen Chen, Yong-Jun Li,, Foreign Trade Division Ministry of Commerce Bo Yang,CCCMC, in June 17, 2009 — June 18 Rizhao City in Shandong Province on the international iron ore trade center investigation. The Rizhao jade jewelry City in Shandong Province to investigate the international iron ore trading center to report the situation as follows.
First, to investigate the pearl jewellery activities of
Rizhao City investigation team to the international iron ore trade in the office heard a trading center, general manager of Wang Lei, Gao Lei Chief Operating Officer, the Chief Executive Officer ofreports.
investigation team with the Vice Mayor of Rizhao million with the comrades, Deputy Secretary-General of Rizhao Municipal Government, Comrade Sun Yun-feng a related exchange of information.
Investigation team heard Rizhao City, the international iron ore trading center three major shareholders, president of Shandong Xin Wan Group Co., Ltd. for China, Rizhao Dongsheng, chairman of Sino-Swiss group, Shandong Huaxin Industry Co., Ltd., general manager of al Wenhui briefing.
Second, the investigation
Rizhao City in Shandong Province international iron ore trading center in April 13, 2009 Trade and Industry Bureau in Rizhao City, incorporated and registered capital of 20 million yuan, is the iron ore business e-commerce services and information technology consulting services. May 26, 2009 listing ceremony was held. Subsequently a variety of media propaganda is to build the international advanced electronic trading platform, provide adequate storage and transportation logistics services , the banking clearing system, through free allocation of funds to achieve, sunshine to the International Iron ore trading center into a world-class iron ore in the electronic trading market, trading of iron ore to build the sunshine index, to become the world39s benchmark iron ore prices , these are beyond the scope of their business in the community have serious adverse effects.
Rizhao City in Shandong Province international iron ore trade center composed of ownership structure. The Center of Shandong Wanbao Group, Shandong Huaxin Industry Co., Ltd., Sino-Swiss Group Rizhao, Shandong Power Analog Electronic Commerce Co., Ltd. Rizhao joint e-commerce and other ores five-funded enterprises set up, in which Wan Group, Shandong, Shandong China letter of Trade and Industry Co., Ltd., Sino-Swiss Group of sunshine each 30 of Wholesale jewelry the shares, Shandong Power Analog Electronic Commerce Co., Ltd., a joint ore sunshine 5 percent of all e-commerce Co., Ltd, which shareholders are the sunshine five local private enterprises. Wan Group, Shandong, Shandong Huaxin Industry Co., Ltd., Rizhao China and Sweden are the three groups engaged in the import of iron ore trading business, in May 2005 was CCCMC 112 identified as the country has iron ore Furniture one of imports of qualification are CCCMC chapter governing units of iron ore.