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HISTORY

Northwest China Iron Ore Summit 2012

April 25-27, 2012 Urumqi, China
Overview
Not only was the price trend of iron ore in 2012 noteworthy, but also the battle between China Beijing International Mining Exchange and Singapore GlobalORE became a hot topic; Iron ore Swap trading recorded new highs in successions and the project of iron ore futures has been set up, which triggered prevailing discussions of whether Chinese iron ore market has stepped into financialization era.
The year of 2013 is the opening for materializing the spirit of 18th Party Congress, the key for implementing the Twelfth Five Year plan, and the foundation laying for building moderately prosperous society. The year of 2013 will embrace opportunities but also face challenges internationally and domestically, seeing hopes and difficulties.
Under the Twelfth Five Year Plan of Xinjiang, Xinjiang’s GDP is going to increase by over 10% annually in the coming five years, 3.0% higher than the national average growth; The investment in social fixed asset will grow by over 25% with a total achievement of RMB3.6 trillion in the five years. The investment in real estate and the infrastructure construction will post forward development. Taking infrastructure construction for example, the planned investment in transportation will reach to RMB120-170 billion (excluding rural roads), which is 4.8-6.8 times as that in the Eleventh Five Year Plan. The support program for Xinjiang was launched in 2010, and 1,467 projects has been supported by 19 provinces or cities including 165 completed projects with a support fund totaling RMB13.56 billion as of July 30, 2011.Xinjiang constructional steel industry would engages in developing recyclable economy in the Twelfth Five Year. The industrial added value of the whole industry reached RMB16 billion as of the end of 2012, up by 35% year-on-year (comparably), and Xinjiang achieves the target of constructional steel industry in the Twelfth Five Year in advance.
The steel capacity of Xinjiang Autonomous Region exceeded 10 million tons in 2012, and the competition among steel enterprises has started, so it is important to secure the supply of raw material to develop the steel industry. National projects including “transiting electricity in Xinjiang eastwards” and “Sourcing gas from West China to East China” are going to materialize in the coming years, and many modern industries of coal-gas, automobile, machine are going to set up in Xinjiang, so the demand for steel will enlarge, and its closely-related raw material market, iron ore market will follow to overheat.
Asian Metal will work together with influential companies and researchers in the industry on analyzing the above questions and discussing the development of Northwestern Chinese iron ore industry in 2013. The forum will also build up an international platform for raw material suppliers, trading companies, consumers, science institutes, industry associations and finance institutes to join, communicate, and corporate with each others.
Highlights
Learn latest new iron ore industrial policy to make proper plan for future development
Learn development tendency and market behavior of iron ore industry, as well as communicating with downstream industries and partners
Learn production, electric power and investment situations of iron ore in main markets, as well as analyzing opportunities and challenges of iron ore enterprises all around the country
Get new partners through incomparable chance for corporation in the high-end summit
Reserve network resources for energy conservation & emission reduction and industrial restructure with help from experts and government officials
Get Communicate Immeasurable business opportunities offered to iron ore enterprises in Northwest China by interaction communication between purchase & tender departments and enterprises