Domestic Iron Ore Brief: Iron Powder Prices in Tangshan Region May Continue to Rise

Steel mills in Tangshan have once again raised their bid prices, with the price of 66% grade iron ore powder (including taxes and delivered to the factory) reaching 1250-1270 RMB/ton. Against this backdrop, some ore selection companies are cautious about the market and are adopting a production-to-sales business model, as high current market prices...