Domestic Iron Ore Market Brief: Iron Powder in the Western Liaoning Re

Published: Jan 4, 2024 17:45

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Domestic Iron Ore Market Brief: Iron Powder in the Western Liaoning Region may face a high-level volatility. The supply and demand of iron powder in the western Liaoning region are at a stalemate, with a wet base price of 66% grade iron powder at 940-950 yuan/ton, excluding taxes. Steel mills and material yards continue to face pressure on profits, with narrow profit margins. Most purchases are made on demand, and the phenomenon of buying at high prices is still relatively rare due to low inventory and tight market resources.

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