The Security Problems of Iron Ore Resources and Countermeasures in Hebei

The iron and steel industry is one of the pillar industries in Hebei and its development closely relies on the supply of iron ore resources.So to safeguard the supply security of iron ore resources has an important strategic meaning for the healthy development of the iron and steel industry,as well as the local economy in Hebei province.Since the opening and reform,the growth rate of iron and steel industry has been 3-5 percentages higher than that of GDP in Hebei Province at the corresponding period.In the future,the iron and steel industry in Hebei will still maintain the rapid growing situation.In order to realize the economic growth goal of the 11th five-year plan,Hebei Province's iron and steel industry should at least maintain an average annual growth rate of 15%.However,there do have great potential crises for iron ore resources supply in Hebei.The approach for solving this problem is to increase the prospecting investment of iron ore resources,implement the strategy of going out to overseas for iron ore resources,adjust the iron and steel industrial structure,and strengthen the administration of mining market.