[China Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region Expected to Hold Up Well

Published: May 11, 2026 18:27

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[China Domestic Iron Ore Brief] This week, mines and beneficiation plants in Shandong reported an ore price of 904 for 64-grade alkaline powder on a dry basis, pre-tax by bank acceptance, up 18. Steel enterprises raised prices in tandem. Local mines and beneficiation plants mostly maintained normal production as planned, with overall regional supply remaining stable. Steel mills showed no significant restocking activity after the holiday, primarily purchasing on an as-needed basis, while small plants and traders shipped at prevailing market prices. On the steel mill side, most currently maintained normal production as planned, with no blast furnace maintenance plans in the near term. Recently, iron ore futures showed a volatile but strengthening trend.

[SMM China Iron Ore Daily Brief]
This week, mines and beneficiation plants in Shandong reported an ex-mine price of 904 (up 18) for 64-grade alkaline concentrates on a dry basis, pre-tax by bank acceptance. Steel enterprises raised prices in tandem. Local mines and beneficiation plants mostly maintained normal production as planned, with overall regional supply remaining stable. Steel mills showed no significant restocking activity after the holiday, primarily making purchases on an as-needed basis, while small plants and traders shipped at prevailing market prices. On the steel mills' side, most currently maintained normal production as planned, with no blast furnace maintenance plans in the near term. Recently, iron ore futures held up well with a strengthening trend, which may drive local iron ore concentrates transaction prices. It is estimated that local iron ore concentrates prices are likely to hold up well in the short term. [SMM Steel]

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