Abstract: Supply and demand determines the price, price leads resource allocation. With the rising iron ore prices, the monopoly of the world's iron ore resources has been growing. In order to protect the healthy development of steel industry, the first exploration should be efforts to increase overseas, and we should participate the development of resources outside in many ways; followed by increasing domestic shipping capacity, to persist in using our own capacity to transport iron ore, reducing ocean freight; the most important is based on the domestic, increase the intensity of domestic iron ore resources exploration, as quickly as possible turn proved reserves into reserves, while increasing the level of utilization waste iron and steel.