Abstract: For the failure of iron ore price negotiations in 2010, Rio Tinto, Rio Tin and CVRD proposed Iron Ore-quarter Price.Since then, the price of iron ore has once at record levels,and the cost of steel enterprises increased. Under this new situation, this paper analyses the price-influenced factors for imported iron ore, such as iron ore supply, demand, ocean freight, the way for importing, political and economic situation and natural disaster. From the viewpoint of Steel enterprises, some countermeasures are presented to improve the utilization efficiency of iron ore for reducing dependence on imported iron ore, and using financial instruments to avoid ocean freight and iron ore price fluctuations risks.