To make great achievements, lofty aspiration is a precondition. Widespread businesses hinge on diligent work. In 2014, at the turning point of integration and transformation of the bulk commodity market, Beijing Iron Ore Trading Center Corporation (“COREX”) emerged in response to the proper time in echo with sound development of the whole industry. Cherishing the grand vision of mutual benefit and win-win outcome of industry chain and pooling enormous strengths of Chinese and foreign shareholders, COREX is engaged in iron ore spot trading market over a decade. Nowadays, COREX has developed into a leading iron ore spot trading platform under the support and witness of all parties.

Since its inception, COREX has always stayed true to its purpose of serving the real economy. COREX constantly makes two core functions of price discovery and commodity circulation more sophisticated, more useful and more powerful, actively fulfills social responsibility, and promotes the establishment of a scientific and reasonable iron ore pricing mechanism. Thanks to the unremitting efforts over years, member size and transaction scale of COREX have achieved leapfrog development. COREX makes important progress in member service optimization, trading system upgrade, information compilation, innovative business exploration and other aspects, and its resource integration and market service capabilities improve remarkably.

Setting foothold on the present and looking forward to the future, COREX will continue to uphold development philosophy of marketization, standardization and internationalization, interact with the worldwide partners more frequently, join the new development pattern, play the role of big unified market infrastructure, foster independent, open and transparent integrated iron ore service platform, and make new contributions to the high-quality and sustainable development of the global iron ore industry and steel industry.