A leading iron ore trader in the industry

Iron ore trading is a core segment of the Company’s trading business. With nearly 30 years of experience, CITIC Metal has built a strong reputation and maintained a leading position in the industry. It is committed to serving as a stable, reliable, and high-value partner for upstream and downstream enterprises.

CITIC Metal has forged long-term, stable partnerships with world-renowned mines and selected high-quality medium-sized mines known for their distinctive commodity specialties. By enhancing commodity research and comprehensive service capabilities, the Company continuously supports the stable supply of raw materials for domestic steel enterprises. Its iron ore trading primarily operates under two business models: port-based self-distribution and offshore re-export. By proactively adapting to changes in the iron ore trading landscape, CITIC Metal consistently upgrades its business models, and improves its futures-spot integration strategy and risk control mechanisms, enabling it to stand out in a highly competitive market. In the iron ore business, the Company moderately adjusted the operating scale while maintaining industry-leading profitability. As a key player in the steel industry chain, CITIC Metal delivers lean and integrated services, including stable multi-commodity supply, inventory optimization, logistics distribution, and price management.

To promote the long-term development of this core business segment, CITIC Metal will adhere to the principle of market-oriented operations. It will maintain prudent operations while continuously enhancing its comprehensive service capabilities and core competitiveness. The Company remains committed to aligning its development closely with national interests, industry standards and corporate growth.