Some Tangshan steel mills adjusted their prices during the festival, d

Published: Oct 8, 2023 17:31

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Some Tangshan steel mills adjusted their prices during the festival, driving the local iron ore market to rise slightly. The mainstream ex-factory price of 66% grade iron ore with tax was 1125-1135 yuan/ton. After the festival, the market operated steadily as a whole, with both buyers and sellers generally waiting and operating cautiously. Some mills maintained the delivery according to production, and the inventory was controlled at a low level. The trading space of traders was narrow, and some of them suffered heavy losses, so inquiries and shipments were cautious. Considering the losses of steel mills and the tight spot resources, the stalemate of market supply and demand is obvious, and it is expected that the market will operate steadily in the short term.【SMM Iron Ore】

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