Central News Agency (CNA Taipei, July 2) Reuters reported that China Mineral Resources Group, China's state-owned iron ore procurement platform, has asked some domestic steel mills to stop extracting certain spot iron ore products from Australia's FMG Group at some ports. This is another major mining company, following Australia's mining giant BHP, to be affected by Beijing's strengthened control over the iron ore market. Reuters reported on the 1st, citing multiple sources, that China Mineral Resources Group has verbally notified some steel mills that they are not allowed to extract two iron ore products from FMG Group (Fortescue)'s inventory at Chinese ports, Super Special Fines and Fortune Fines, starting from the 15th. The report stated that this move shows China Mineral Resources Group is further strengthening its dominance over the inflow of iron ore into the Chinese market. After the months-long stalemate in supply contract negotiations between China Mineral Resources Group and BHP ended in April this year, Beijing subsequently lifted restrictions on some of the latter's products. The report said that FMG Group sells most of its iron ore to China and is currently negotiating supply terms with China Mineral Resources Group. According to the report, after the news broke, market concerns about tightening iron ore supply intensified. Singapore Exchange's most active August iron ore futures contract price once rose to $101.2 per ton, reaching a new high since June 17. A trader revealed that as of June 30, FMG Group's Super Special Fines inventory at major Chinese ports was approximately 7.22 million tons. Reuters calculated based on data from steel information agency SteelHome that this is equivalent to nearly 5% of the total iron ore inventory at Chinese ports. Sources also said that China Mineral Resources Group had previously asked some domestic steel mills last month not to engage or discuss with FMG Group regarding the new product Fortune Fines planned for sh