Domestic Iron Ore Brief: Prices of Iron Powder in Western Liaoning Region May Experience Slight Upsurge

The price of iron powder in the western Liaoning region has decreased slightly by 5-10 yuan/ton this week, with a factory price of 940-950 yuan/ton for 66% grade wet basis excluding taxes. Leading steel enterprises are facing profit pressure and have strong willingness to lower prices, leading to a cautious attitude towards iron powder procurement. Due to tight funds in steel mills, the winter storage market is not significant, resulting in local prices...