[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan region are likely to consolidate on a subdued note
Iron ore concentrate prices in the Tangshan area edged up by 5 yuan, with the current ex-works price for 66% grade iron ore concentrates on a dry basis, tax inclusive, at 885-890 yuan/mt. Resources at mines and beneficiation plants remain relatively tight overall. However, steel mills have continued to post notable losses recently, and their overall desire to bargain down prices is relatively strong.