[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Have Some Room for Rebound

Published: Feb 27, 2026 18:04

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Have Some Room for Rebound] Domestic iron ore prices in west Liaoning remained relatively stable, with ex-factory prices for 66% grade iron ore concentrates on a wet basis, excluding tax, at 745-755 yuan/mt. Feedback from local mines and beneficiation plants indicates that during the upcoming Two Sessions, there may be some restrictions on explosives, which could exacerbate the overall tight supply of iron ore concentrates. Demand side, local steel mills are currently mostly purchasing based on

In west Liaoning, domestic iron ore prices remained relatively stable, with ex-factory prices for 66% grade iron ore concentrates (wet basis, excluding tax) at 745-755 yuan/mt. Feedback from local mines and beneficiation plants indicates that during the upcoming Two Sessions, there may be some restrictions on explosives, which could exacerbate the tight supply of iron ore concentrates. On the demand side, local steel mills are currently operating normally according to plan, and demand support remains. The market still holds some positive expectations for the Two Sessions, and there may be some room for a rebound in local iron ore concentrate prices next week. [SMM Steel]

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