[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate Downward Next Week

The iron ore concentrates market in the Tangshan region continues to show weakness, with the leading local steel mills maintaining a strong desire to bargain down prices. However, under the influence of industry news on the futures market, the sentiment of individual producers has shifted, though most producers remain in a wait-and-see mode, with no significant low-price sell-off observed. This is due to cost support and relatively small inventory pressure. Overall, market trading activity remains sluggish. Considering that the Two Sessions are expected to convene next week, the current market predicts a relatively low probability of the introduction of policies exceeding expectations. It is expected that local iron ore concentrate prices may fluctuate downward next week. [SMM Steel]