Domestic Iron Ore Briefing: Local Iron Powder Market in Tangshan May Maintain High Level Fluctuation

The iron powder market in Tangshan is sluggish, with the local leading steel company Xinda reducing the price by 5 yuan/ton recently. The on-site price including 66% grade dry basis and tax is 1230 yuan/ton, and the supplier's willingness to supply is relatively low. According to SMM, there have been frequent blizzards in the local area recently, and production in some selected factories has been obstructed, exacerbating the shortage of resources. The adjustment of high-quality...