[China Iron Ore Brief] Tangshan Area Iron Ore Concentrates Prices Expected to Fluctuate at Highs Next Week

Published: May 9, 2026 17:08

Save

[China Domestic Ore Brief] Iron ore concentrates prices in the Tangshan area edged up by 10-15 yuan, with current 66-grade iron ore concentrates priced at 990-995 yuan/mt on a dry basis, tax-inclusive, ex-factory. Recently, finished steel prices rose, improving steel mill profits. Combined with imported ore prices fluctuating upward, this drove domestic iron ore concentrates prices to rise. Looking ahead to next week, domestic ore supply remains tight. Demand side, domestic steel mills' high

[SMM Domestic Ore Daily Brief]

Iron ore concentrates prices in Tangshan edged up by 10-15 yuan/mt. The current mine-mouth price for 66-grade iron ore concentrates was 990-995 yuan/mt on a dry basis, tax-inclusive. Recently, finished steel prices rose, improving steel mill profits. Combined with imported ore prices fluctuating upward, this drove domestic iron ore concentrates prices higher. Looking ahead to next week, domestic iron ore supply remains tight. Demand side, hot metal production of steel mill blast furnaces in China showed a declining trend, weakening demand support for iron ore concentrates. Overall, fundamentals weakened slightly, and iron ore prices are expected to fluctuate at highs in the short term. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

[SMM Steel Market Flash] Mexico Pushes to Drop 50% US Steel Tariffs in USMCA Review, More Talks Due in June-July

Mexico is formally seeking the removal of US Section 232 tariffs on steel and aluminum — currently set at 50% — as part of ongoing USMCA review negotiations. Mexico's Economy Minister Marcelo Ebrard described the 50% rate as unacceptable and without justification, following May 27-29 talks between Mexico's Ministry of Economy and the US Trade Representative. Mexico is also advocating for a regional approach to the automotive sector, citing deep North American production integration and existing USMCA rules of origin. Additional rounds of negotiations are scheduled for June and July. Separately, Mexico has already mandated that federal construction projects use only domestically produced steel.

18 hours ago

20 hours ago

[SMM Hot Topic] Against the Backdrop of Declining Global Steel Prices, Chinese Steel Companies See Profit Recovery

20 hours ago

23 hours ago

[SMM Steel] Tata Steel Sees Long-Term Growth Opportunity in India

[SMM Steel] Tata Steel expects India’s steel demand to grow by 7-8% annually over the next 20 years, supported by infrastructure development and industrialization. The company plans to expand its domestic steelmaking capacity to over 40 million tonnes per year and strengthen its presence in the Maharashtra market. More than 60-65% of Tata Steel’s annual capex budget of Rs 20,000 crore will continue to be allocated to India. Meanwhile, the company is enhancing supply chain diversification, scenario planning, and hedging strategies to manage geopolitical risks, while focusing on cost and commercial improvements in Europe amid weak demand and high energy costs.

23 hours ago