Under the high demand, inferior imported ore is also entering the market. On May 26, the reporter of "Daily Economic News" learned from the General Administration of Quality Supervision, Inspection and Quarantine that in the first four months of this year, the quality of some ore imported from Jiangsu Port was inconsistent with the contract and there were too many impurities, and nearly 40% of the ore was unqualified. According to the statistics of Jiangsu Inspection and Quarantine Bureau, from January to April 2011, Jiangsu Port inspected 2,289 batches of imported mineral products with a value of US$8.06 billion, up 10.21% and 40.49% respectively. The unqualified batch was 827 batches, and the unqualified rate reached 36.13%, involving a value of 2.207 billion US dollars. Among them, more than 800 batches of unqualified reasons are mostly due to the iron content and the contract requirements. According to Feng Junxing, director of Jiangyin Port Office of Jiangyin Inspection and Quarantine Bureau, such a situation has appeared in the past two or three years. At present, the ore failure rate is up to 60%, which is mainly from Southeast Asia; but the quality of ore imported from Australia, Brazil and Iran is still normal. It is understood that the reason for the unqualified imported iron ore is mainly because the iron content is lower than the minimum value or rejection value specified in the contract, and the impurity content is higher than the contract limit. In addition, the problem also includes the water is higher than the contracted maximum value, the granularity does not meet the contract requirements. Among them, iron mines with excessive water content have increased significantly. In an interview with the reporter of "Daily Economic News", Zhang Lin, an analyst of Lange Iron and Steel Iron Ore, said that in the order of ore import, the price of high-grade ore has been rising, which has also driven the low-grade ore market. Big steel mills have stricter quality requirements, but small steel mills now use more of these low-grade ores. Under the imbalance of supply and demand of ore resources, "in addition to the lack of stable sources of mineral products, many domestic related production enterprises are hungry for food and purchase, making the minerals and production areas of imported minerals more complicated." Take Jiangyin as an example. This year, only iron ore is from India, Malaysia, Thailand, North Korea and other places. The source is complex and the quality is fluctuating, which makes the quality of imported mineral products difficult to guarantee. According to Zhang Lin, most of the reports on inspection and quarantine now contain water. The importer and the exporter are suspected of collusion, and the less formal inspection agency is escorting the unqualified ore. The article on the website of the General Administration of Quality Supervision, Inspection and Quarantine also said that the global economic recovery has stimulated the demand for mineral products, making the market for mineral products tighter. In order to obtain high profits, some foreign unscrupulous traders colluded with illegal inspection agencies abroad and issued inspection reports of violations of facts.
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