Iron ore concentrates prices in the eastern Liaoning region increased slightly. Currently, the delivery-to-factory price of 65-grade iron ore concentrates on a dry basis, tax included, is 917 yuan/mt. In early May, national safety and environmental protection inspection teams visited Liaoning. According to feedback from local mines and beneficiation plants, some have suspended production, and overall market circulating resources are relatively tight. Demand side, steel mills are currently producing normally as planned, with a local steel mill planning to commission a new blast furnace in mid-to-late May, and overall demand for iron ore concentrates remains supported. Combined with imported ore prices still at highs, local iron ore concentrates prices are expected to fluctuate at highs in the short term. [SMM Steel]
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