Leading Iron Ore Trader
As a legacy business of CITIC Metal, the iron ore business has a history of nearly 30 years since the 1990s. CITIC Metal's scale of imports and distribution, and re-export trades has led the domestic iron ore industry in recent years. The Company enjoyed a good reputation in the industry and listed among the first fourteen enterprises with an AAA credit rating from the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters (CCCMC), and serve as deputy secretarygeneral of CCCMC's iron ore branch.
Following the strategy of "virtual mines + supply chain integration", CITIC Metal has established long-term partnerships with world's leading miners such as Rio Tinto, BHP Billiton, Anglo American, vale, etc., and adopted a variety of measures to secure the access to quality resources. While expanding its footprint, the Company has consolidated its leadership in several segments. It has taken various approaches to improve customer service and optimized its client mix and marketing network in China. Thanks to these efforts, it has achieved presences in all the major ports of China, built a large distribution network and developed a solid customer base of medium-to-large scale steel manufacturers such as Baowu Steel Group, HBIS Group, and Shandong Iron & Steel Group.
To adapt the changes in iron ore industry, CITIC Metal kept innovating new business models and consistently improved and fine-tuned its hedging mechanism through its risk management and control system. It has achieved an annual trading volume of 50 million tonnes and annual sales revenue of RMB 40 billion. These years of continual rapid growth have made the Company become a first tier iron ore trader and widely recognized in the industry.
By strengthening its core competencies, CITIC Metal will grow and thrive as a leading and major trader of iron ore in the industry.