[China Iron Ore Brief] Tangshan Area Iron Ore Concentrates Prices May Be in the Doldrums and Consolidate

Published: Jul 28, 2026 17:07

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Today, the Tangshan domestic ore market was generally stable. The delivered price, tax included, of 66% grade iron ore concentrates on a dry basis stood at 980-985 yuan/mt. Local iron ore concentrates resources remained relatively tight, providing some support to local ore prices. Steel mills were under environmental protection-driven production restrictions, with weak daily consumption demand, mainly consuming inventories; sellers and buyers in the market remained in a standoff. However, iron ore futures were weak recently, which was expected to exert some downward pressure on local ore prices. It was estimated that local iron ore concentrates prices would likely consolidate weakly in the short term. [SMM Steel]

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