[Brief Review of Domestic Iron Ore] Prices of Iron Ore Concentrates in Shandong Region May Fluctuate, Remaining Stable with a Weak Trend

The price of 64-grade iron ore concentrates in the Shandong region decreased by 37 yuan to 859 yuan. Steel mills simultaneously adjusted prices downward. Mines and beneficiation plants mostly maintained normal production, with inventories accumulating to varying degrees. However, local iron ore concentrate resources remain relatively tight. According to SMM, inquiries from the Hebei region to the local area have recently increased, and local iron ore concentrate resources are in short supply. For this week, with the important meeting nearing its conclusion, no policies exceeding expectations have been introduced so far. Considering the recent weak trend in iron ore futures, local iron ore concentrate prices are expected to fluctuate with a stable and weak trend. 【SMM Steel】