The price of iron ore was felling and then rebounded in oscillating,at present still oscillates in the range of 600 to 650yuan/t.In the context the industrial grade of iron ore in china can sill be dropped to 22%,this is of positive significance for strengthening the domestic guarantee capacity of iron resources and increasing bargaining chip in price negotiation of iron ore.On the other hand,the grade of iron ore resources currently mined in China averages about 30%,assuredly is lower compared with brazilian and Australia bucked iron ore,the market price of iron ore has major impact on the positivity of the low-grade iron ore development.On the whole,it is mingled hope and fear for China’s iron ore resources.It is suggested that some appropriate adjustments in laws and regulations as well as incentive mechanism should be made,at the same time,the social public opinion guidance should be paid attention to,so as to establish the right consumerism concepts of resources and make effort to push the development of iron resources to a healthy course.