Chinese Steel Enterprises’ Strategies under the Pricing Model of Iron Ore in the World

With the global non-renewable resources’ shortage and prices rising, Chinese steel enterprises’ production costs continue to grow. On the background of the global iron ore negotiation, the article analyzes the steel enterprise’s vulnerable position in the iron ore negotiations and the influencing factors, and makes appropriate recommendations from the perspective of industry chain integration, in order to improve Chinese steel enterprises’ bargaining power in the iron ore negotiation.