Shandong Iron Ore Prices Hint at Slight Upside Potential Despite Recent Declines

**Domestic Iron Ore Brief: Shandong Region Prices May See Slight Upside Potential**

This week, Shandong mining enterprises reported a dry-basis, pre-tax factory price of 844 yuan/tonne for 64% grade soda ash powder, a decrease of 24 yuan/tonne, with steel enterprises making synchronous reductions. Mining enterprises maintained normal production this week, with inventories largely accumulating. Steel enterprises continued to obtain supplies through long-term agreements, but the pace slowed down, impacting raw material costs...