[Domestic Iron Ore Brief] Prices in the Tangshan Region May Continue to Be in the Doldrums

Published: Feb 5, 2026 17:50

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan May Remain in the Doldrums] Iron ore concentrate prices in Tangshan edged down by 1–5 yuan/mt, with the current ex-factory price for 66% grade dry basis concentrates including tax at 980–985 yuan/mt. The fundamental structure of domestic iron ore prices remains unchanged, with overall supply still relatively tight. However, as the year-end approaches, mines and beneficiation plants have been releasing some supply appropriately.

In Tangshan, the price of iron ore concentrates edged down by 1-5 yuan/mt, with the current ex-factory price for 66% grade iron ore concentrates on a dry basis including tax at 980-985 yuan/mt. The fundamental landscape for domestic iron ore prices remains unchanged, with overall supply still relatively tight. However, as the year-end approaches, mines and beneficiation plants are releasing some supply appropriately. Yet, with iron ore futures continuing to weaken recently, steel mills maintain a strong overall inclination to push for lower prices for domestic ore and are not in a hurry to procure. Additionally, restocking of imported ore inventories has largely concluded, so demand for domestic ore is not particularly urgent. Overall, in the short term, local iron ore concentrate prices are expected to remain in the doldrums. [SMM Steel]

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