Domestic Iron Ore Brief: Iron powder prices in Shandong may see a corr

Published: Jan 8, 2024 18:39

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Domestic Iron Ore Brief: Iron powder prices in Shandong may see a correction. This week, the 64% grade alkali powder in Shandong's mining enterprises increased by 15 yuan/ton to 1144 on an ex-factory acceptanced basis, and steel companies also raised their prices accordingly. A large mine in the area resumed production last Saturday, but short-term supply remains tight, leading to reduced daily consumption and increased inventory levels at steel mills.

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