[Domestic Iron Ore Brief Review] Iron ore concentrate prices in the Tangshan area may continue to operate in the doldrums.

Published: Feb 24, 2026 18:01

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Remain in the Doldrums] At the beginning of the week, the domestic iron ore market in Tangshan remained relatively stable, with the delivery-to-factory price, tax included, for 66% grade iron ore concentrates on a dry basis at 980-985 yuan/mt. Local mines and beneficiation plants mostly maintained normal production as planned, but overall iron ore concentrate resources remained relatively tight, providing some support to domestic iron ore concentrate prices.

At the beginning of the week, the Tangshan domestic iron ore market was relatively stable, with the delivery-to-factory price, tax included, for 66% grade iron ore concentrates at 980-985 yuan/mt. Local mines and beneficiation plants mostly operated normally as planned, but overall iron ore concentrate resources remained relatively tight, providing some support to domestic iron ore concentrate prices. Demand side, individual steel mills are expected to schedule maintenance successively in the near term, weakening overall demand support. Coupled with the recent weakness in iron ore futures, steel mills' desire to bargain down prices is relatively strong. It is expected that local iron ore concentrate prices will be in the doldrums in the short term. [SMM Steel]

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