[Domestic Iron Ore Brief Review] Tangshan Iron Ore Concentrates Prices May Fluctuate in a Stable With a Weak Trend

The price of iron ore concentrates in the Tangshan region was affected by the price reduction of local leading steel mills, with transactions slightly declining by 5-10 yuan/mt. The delivery-to-factory price for local 66-grade dry basis iron ore concentrates, including tax, was 970-980 yuan/mt. However, only a few suppliers made shipments, while most held back operations due to thin profit margins. The operating rate of local mines and beneficiation plants remained at a relatively low level, exacerbating the tight supply of iron ore concentrates. Coupled with the strong intention of local steel mills to suppress raw material prices, the purchase price failed to meet suppliers' expectations. The overall market saw sluggish transactions, and the price of local iron ore concentrates is expected to fluctuate with a stable and weak trend in the short term.