[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Continue to Fluctuate at Highs

Published: Oct 23, 2025 16:56

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Fluctuate at Highs] Today, the domestic ore market in western Liaoning remained relatively stable in some areas, with ex-factory prices for 66% grade iron ore concentrates on a wet basis, excluding tax, at 740-750 yuan/mt. The tight supply of spot resources in the local market persisted, with beneficiation plants holding firm on high offers. Some traders slightly increased purchase prices in line with steel mill pricing. Steel mills currently mostly

The Tangshan domestic ore market remained generally stable, with some prices rising by about 5 yuan/mt driven by price increases from steel enterprises. The delivery-to-factory price, tax included, for local 66% grade iron ore concentrates on a dry basis was 1,025-1,030 yuan/mt. Operations at local mines and processing plants showed no improvement, with low supply providing strong support to the market. There have been no new developments since the suspension of mining and processing operations, and the specific timing for production resumptions remains to be seen. However, as the shutdown period extends, the tight supply situation is unlikely to ease. Demand side, local steel mills are mostly operating normally as planned, and hot metal production remains at high levels. However, steel mill profits are currently significantly compressed, and mills generally have a strong desire to bargain down prices in procurement. It is expected that local iron ore concentrate prices will continue to fluctuate at highs in the short term. [SMM Iron Ore]

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