According to SMM, the Tangshan iron ore market has recently risen, inf

Published: Oct 26, 2023 22:17

Save

According to SMM, the Tangshan iron ore market has recently risen, influenced by the external shock and the improved mentality of the ore selection end, the strong willingness to support the price, and the strong mentality of the high demand, but some ore selection still consider the recent market to be more volatile, considering the pressure of funds, and the main purpose of returning funds; traders are more cautious in purchasing, steel mills are still strong in price reduction, and they dare not act rashly, and they mainly act according to the situation; considering the current high level of futures, the local iron ore resources are tight and difficult to change, and the leading steel mills have the space to adjust and rise, it is expected that the leading steel mills in the local area will have an upward space in the purchase price tomorrow.【SMM Iron Ore】

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

50 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

50 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago