[China Iron Ore Brief] Prices of Iron Ore Concentrates in Tangshan Region May Consolidate

Published: Aug 28, 2026 17:14

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Iron ore concentrate prices in the Tangshan area are relatively stable, with dry-basis, tax-inclusive EXW prices for 66-grade iron ore concentrates at 950-960 yuan/mt. Local iron ore concentrate resources are relatively tight, and the willingness to hold prices firm is relatively strong. Demand side, steel mills mostly purchase as needed; currently, steel mill losses are relatively pronounced, and the cost-effectiveness of domestic ore remains at a relatively low level.

Tangshan area iron ore concentrate prices were relatively stable; the dry-basis, tax-inclusive EXW price for 66% grade iron ore concentrates was 950-960 yuan/mt. Local iron ore concentrate resources were relatively tight, and there was a relatively strong willingness to hold prices firm. Demand side, steel mills mostly purchased as needed, while steel mill losses were relatively pronounced and the cost-effectiveness of domestic ore remained low. However, considering the recent strength in iron ore futures, this may lift local domestic iron ore prices. Local iron ore concentrate prices are expected to consolidate in the short term. [SMM Steel]

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