[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in the Tangshan region may be in the doldrums

Published: May 27, 2025 17:13

Save

[Brief Commentary on Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Remain in the Doldrums] Prices in the domestic ore market in Tangshan have slightly declined in some areas due to pressure from steel enterprises. The ex-factory prices of 66-grade iron ore concentrates (dry basis, tax included) have decreased by 10-15 yuan, now standing at 920-925 yuan/mt. The progress of production resumptions at local iron ore mines has been slow, with limited marketable resources available. On the one hand, some producers have significantly low inventory levels and are reluctant to sell goods under the circumstances where restocking is difficult.

In the Tangshan domestic ore market, prices declined slightly in some areas due to pressure from steel enterprises. The ex-factory prices (dry basis, tax included) of 66% grade iron ore concentrates were lowered by 10-15 yuan, now standing at 920-925 yuan/mt. The progress of production resumptions at local iron mines has been slow, with limited marketable resources available. On the one hand, some producers have significantly low inventory levels and are reluctant to sell goods when it is difficult to restock. On the other hand, high-cost inventory at ore processing plants is difficult to release. Considering the insufficient demand from steel mills due to their low proportion of domestic ore usage, weak demand restricts the upward momentum of prices, resulting in weak supply and demand. Additionally, the recent weak performance of the iron ore futures market further exacerbates the situation. It is expected that in the short term, the prices of local iron ore concentrates may remain in the doldrums.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 18:40

Vietnam Imposes 27.83% Temporary Tariff on Certain Chinese Hot-Rolled Steel Products

On April 2, the Ministry of Industry and Trade issued Decision No. 612/QD-BCT, imposing a temporary anti-circumvention tariff of up to 27.83% on certain hot-rolled steel products from China. The measure applies to specific flat-rolled steel products (alloy or non-alloy), with thicknesses of 1.2–25.4mm and widths between 1,880mm and 2,300mm, that have not been further processed beyond hot rolling.

Apr 3, 2026 18:40

Apr 3, 2026 18:25

Risks in the Ferrous Metals Sector Began to Accumulate [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals were in the doldrums. The main logic during the week remained weakening cost support. On Tuesday, Iran proposed charging transit fees for the Strait of Hormuz, while Trump made conciliatory remarks, saying that “even if the Strait of Hormuz remained largely closed, he would still be willing to end military action against Iran.” Market expectations for tighter crude oil supply weakened, and declines in the energy sector dragged down the coal sector, weakening the cost-side logic. During the week, inventories of the five major steel products continued to decline, but apparent demand remained at a low level for the same period in previous years, providing limited fundamental-driven momentum to futures. In the spot market, purchasing interest was average, mainly focused on restocking at low prices. Spot prices were relatively firm, and the spot-futures price spread widened somewhat......

Apr 3, 2026 18:25

Apr 3, 2026 18:23

MMi Daily Iron Ore Report (April 3)

Today, the DCE iron ore fluctuated in the doldrums, with the most-traded contract I2605 eventually closing at 799.5 yuan/mt, down 0.50% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day. Traders were moderately active in offering quotes, while steel mills mainly restocked to meet rigid demand; as of now, spot market transactions were mediocre.

Apr 3, 2026 18:23