[China Iron Ore Brief Review] Iron Ore Concentrate Prices in Shandong May Continue to Fluctuate

Published: Mar 30, 2026 17:48

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[China Iron Ore Brief Review: Iron Ore Concentrate Prices in Shandong May Continue to Fluctuate] In Shandong, the pre-tax dry-basis price of 64-grade alkaline iron ore concentrates at mines and beneficiation plants fell by 5 yuan to 894 yuan, while steel mills also lowered prices in tandem. Most miners maintained normal production, inventory accumulation was not obvious, and most basically had no inventory. Steel mills’ purchases under long-term contracts remained unchanged, with most purchasing as needed and maintaining low inventory operations. On the news front, external market disruptions have not eased, and imported ore prices have remained at a relatively high level, which may provide some support for domestic iron ore

In Shandong, the pre-tax dry-basis price of 64-grade alkaline concentrates at mines and beneficiation plants fell by 5 yuan to 894 yuan, with steel mills lowering prices in tandem. Most miners maintained normal production, inventory accumulation was not obvious, and most basically had no inventory. Steel mills’ purchases under long-term contracts remained unchanged, with most purchasing as needed and maintaining low-inventory operations. On the news front, external market disruptions have not eased, and imported ore prices remained at a relatively high level, which may provide some support to domestic iron ore. Overall, local iron ore concentrates prices are expected to remain rangebound in the short term. [SMM Steel]

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