A: Yes, iron ore is a mineral aggregate containing iron elements or iron compounds, which can be used economically. It can be used for refining elemental pig iron, steelmaking and other purposes (accounting for 98%). Iron ore in China is mainly distributed in Liaoning, Sichuan, Hebei, Beijing, Shanxi, Inner Mongolia, Shandong, Henan, Hubei, Yunnan, Anhui, Fujian, Jiangxi, Hainan, Guizhou, Shaanxi, Gansu, Qinghai and Xinjiang. As the world's largest importer of iron ore, the iron ore index is mainly aimed at the China market. In this case, the merger of the two index giants is not good for China enterprises. On August 2, 20 1 1, the Singapore Stock Exchange launched iron ore futures, which is the second exchange in the world to launch iron ore futures after the first one was launched on August 29, 201/kloc-0. In the long run, the trend of indexation and financialization of iron ore pricing mechanism is inevitable.