[China Iron Ore Brief] Iron Ore Prices in West Liaoning May Remain in the Doldrums

Published: Apr 8, 2026 17:18

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[Domestic Iron Ore Brief Review] Iron ore concentrates prices in west Liaoning declined slightly by 5-10 yuan/mt. The current ex-factory prices of 66-grade wet iron ore concentrates, tax exclusive, stood at 735-740 yuan/mt. Local safety and environmental protection inspections remained intensive, with production at some mines and beneficiation plants affected to some extent. Overall iron ore concentrates resources remained relatively

Iron ore concentrates prices in west Liaoning declined slightly by 5-10 yuan/mt. The current ex-factory price of 66-grade iron ore concentrates (wet basis, tax-exclusive) was 735-740 yuan/mt. Local safety and environmental protection inspections remained intensive, with some mining and processing operations affected to a certain extent, and overall iron ore concentrates supply remained relatively tight. Demand side, steel mills were still mostly purchasing as needed, the cost-effectiveness of domestic ore showed no significant improvement, and steel mills had a relatively strong desire to bargain down prices. However, iron ore futures have recently trended weakly, and local iron ore concentrates prices are expected to remain in the doldrums in the short term. [SMM Steel]

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