[China Iron Ore Brief Review] Iron Ore Prices in the Tangshan Area May Have Some Room to Move Higher

Published: Mar 12, 2026 16:45

Save

[China Iron Ore Brief: Iron Ore Concentrates Prices in Tangshan Had Some Room to Move Higher] Iron ore concentrates prices in Tangshan were relatively stable this week, with the ex-factory prices of 66-grade dry-basis, tax-included iron ore concentrates at 970-980 yuan/mt. As the important meeting was about to close, the impact of environmental protection and safety inspections gradually weakened, and some mines and beneficiation plants showed stronger willingness to produce, though overall iron ore concentrates resources remained relatively tight. According to SMM tracking, after the meeting ended, some mines and beneficiation plants that had suspended production earlier

Tangshan iron ore concentrates prices were relatively stable this week, with the ex-factory prices of 66-grade dry-basis, tax-included iron ore concentrates at 970-980 yuan/mt. As the important meeting is about to close, the impact of environmental protection and safety inspections gradually weakened, and some mines and beneficiation plants showed stronger production enthusiasm, but overall iron ore concentrates supply remained relatively tight. According to SMM tracking, after the meeting ends, some mines and beneficiation plants that had previously suspended production will gradually resume operations, but the specific timing of production resumption remains undecided. Steel mills, blast furnaces previously under maintenance will gradually return to normal production, continuing to support demand for iron ore concentrates. In addition, recent strong iron ore futures trends are expected to leave some room for further gains in local iron ore concentrates prices in the short term. [SMM Steel]

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