[Domestic Iron Ore Brief] Iron Ore Prices in Tangshan Area Expected to Remain Stable

Published: Apr 29, 2026 17:20

Save

[Domestic Ore Market Brief] Iron ore concentrates prices in the Tangshan area remained relatively stable recently, with ex-factory prices of 66-grade iron ore concentrates on a dry basis, tax-included, at 970-980 yuan/mt. Mines and beneficiation plants faced relatively tight overall resources, providing some support for local ore prices. On the steel mills side, most were producing normally as planned, with hot metal production at a relatively high level. Steel mill profits remained under pressure, with most purchasing as needed. Overall market transactions were relatively sluggish. Iron ore futures showed a relatively

Iron ore concentrates prices in Tangshan remained relatively stable recently, with ex-factory prices of 66-grade iron ore concentrates on a dry basis, tax-included, at 970-980 yuan/mt. Resources at mines and beneficiation plants were relatively tight overall, providing some support for local ore prices. On the steel mills side, most were producing normally as planned, with hot metal production at a relatively high level. Steel mill profits remained under pressure, with most purchasing as needed. Overall market transactions were relatively sluggish. Iron ore futures showed relatively firm trends, and local iron ore concentrates prices are expected to remain stable 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

2 hours ago

Pre-Labour Day Holiday Restocking and Stockpiling, Suppliers' Offers Remained Firm, Magnesium Prices Rose for Two Consecutive Days [SMM Commentary]

2 hours ago

[SMM Steel] Structural constraints slow India’s transition toward green steel

[SMM Steel] India’s push toward green steel faces significant practical challenges despite strong policy ambitions. Scrap-based production via EAF/IF is seen as the most viable near-term pathway, but logistics disruptions, high freight costs, and reduced scrap exports from Europe are tightening supply conditions. Moreover, scrap alone cannot meet the requirements for high-grade flat steel production, limiting its role in full decarbonisation. While hydrogen-based DRI offers long-term potential, adoption remains limited. As a result, most new capacity still relies on coal-based production, indicating that India’s green steel transition will likely remain gradual, dependent on improvements in scrap supply chains and clean energy availability.

2 hours ago

[SMM Steel] JSW and JFE establish 50:50 integrated steel JV in India

[SMM Steel] JSW Steel and JFE Steel Corporation have officially formed JSW JFE Steel Limited, a 50:50 joint venture focused on an integrated steel plant in Odisha. The project, finalized on March 30, 2026, has an annual crude steel capacity of 4.5 mln mt and will produce both flat and long products for automotive and construction sectors. Backed by JFE’s investment of ~JPY 270 bn, the JV aims to capitalize on India’s strong demand growth, leveraging proximity to iron ore resources and established logistics to enhance cost efficiency and secure raw material supply.

2 hours ago