The globalization of mineral resources exploitation has strongly driven the rapid development of mining machinery industry. At present, China's rapid economic development, China's technical level gradually international standards, as early as a few years ago, in the case of relatively tight supply of domestic resources, the China Mining Federation reminded that Chinese enterprises should implement the "going out" strategy, the use of overseas investment in mining or joint investment in mining and other ways, participate in overseas mining companies to produce jaw crusher and other sand making equipment, Gain direct control over iron ore resources. Now, that idea has come true. Statistics show that at present, the production scale of mines developed by Chinese steel mills overseas is 48 million tons, but it is mainly dominated by a single manufacturer. Experts point out that the result of each fighting for itself can only weaken its own competitiveness.

Impact crusher, cone crusher, etc. are the main mineral processing equipment and crushing equipment on the market. In this regard, analysts said that the four steel giants jointly overseas mining, opened the door for Chinese steel enterprises to jointly invest overseas and develop mineral resources, or will change the current situation of domestic steel enterprises in overseas mining alone, open the era of Chinese steel enterprises jointly overseas investment and development of mineral resources.