[Domestic Iron Ore Brief Review] Prices of Iron Ore Concentrates in the Tangshan Region May Continue to Be Stable with a Weak Trend

The iron ore concentrates market in Tangshan remained stable across multiple regions, with overall transactions being relatively sluggish. Traders were hesitant to make purchases, and the sentiment among mines and beneficiation plants was largely cautious, with no improvement in overall transactions. Local steel mills maintained a very slow procurement pace, and despite low inventory levels, their desire to bargain down prices persisted due to cost control constraints. The mines and beneficiation plants were affected by the Two Sessions, leading to short-term production halts at certain beneficiation plants, resulting in a tight supply of local iron ore concentrates, which provided some support to local prices. Overall, the market is currently in a state of weak supply and demand, and it is expected that local iron ore concentrate prices may fluctuate with a weak and stable trend next week. 【SMM Steel】