[China Iron Ore Brief] Iron Ore Concentrates Prices in Shandong May Consolidate
Last week, the mine-mouth price of 64% grade alkaline powder on dry basis tax-included acceptance reported by Shandong miners was 788 yuan, down 14 yuan; steel mills made corresponding reductions; miners mostly maintained normal production, steel mills were quite active in purchasing, most miners had no inventory, and shipments from small plants and traders also improved. Looking at this week, ample supply of imported ore constrained ore prices; in the Linyi market, some miners signed weekly contracts at the beginning of the week, and traders were active in purchasing.