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In the last fiscal year ended June 30, 2011, BHP Billiton's iron ore production was 134.406 billion tons, up 8% from the previous fiscal year; BHP Billiton attributed the overall capacity growth to new project launches and infrastructure improvements. And factors such as corporate mergers and acquisitions activities. On July 14, Rio Tinto said that iron ore production in the second quarter was 49 million tons, up 12% year-on-year and 17% quarter-on-quarter. It is claimed that the production in the first quarter was affected by bad weather, floods and train derailment accidents. The mining volume in the second quarter was largely restored, but some ports and railways were still constrained. Australia's third-largest iron ore exporter FMG said that iron ore production in the second quarter was 12.38 million tons, up 8% year-on-year; iron ore shipments were 11.5 million tons, up 6% year-on-year, and shipment growth lags behind Production growth. Although shipments in the third quarter are expected to increase further to 1,200-12.5 million tons, they are still subject to port operations. BHP Billiton announced that it will invest $7.4 billion in the development of the Western Australian iron ore project and the expansion of the port. The goal of BHP Billiton is that the annual average increase in iron ore production will be 10%. Rio Tinto plans to increase its iron ore production capacity in the Pilbara region of Western Australia, from the current 230 million tons to 333 million tons in 2015, with an average annual growth rate of 9%. Rio Tinto also plans to develop the Simandou project to produce 95 million tons of iron ore annually by 2016. Vale announced a total investment of US$24 billion in 2011, most of which was used for iron ore production. FMG plans to reach 355 million tons of iron ore capacity by 2017, with an average annual production capacity growth rate of 24%. In addition, a large deep-water port was built in Anketel in the Pilbara region. It can be seen that foreign miners are still very optimistic about their big customers - China's needs, are actively arranging their future expansion plans, investment, mergers and acquisitions, building ports, repairing railways, mining and increasing production. Although the miners' expansion plans and capacity expansion schedules are not well controlled, they may be postponed, but their overall capacity growth is still a bit "warm". Recently, the media reported that foreign miners are interested in reducing shipments. This kind of artificially pushing up the tension of iron ore resources may coincide with the small steel mines in China for a period of time, and the miners took the opportunity to raise the ore. Quotation to achieve its ultimate market manipulation purpose. But this is only a phased initiative, taking into account the cost of time and not sustainable. It is impossible for miners to control the delivery and reduce capacity or backlog of inventory for a long time. Instead, they will choose to put more and more finished mineral resources into the market. The oversupply of iron ore is self-evident. In short, the intention to control the delivery rhythm is not the best shortcut for miners to collect money. The rhythm of domestic steel mills purchasing materials and the proportion of purchased minerals can affect the current iron ore market, which is also a good illustration of 2011. Iron ore prices have been following the fluctuations in domestic steel prices since the beginning of the year.