【Brief Review of Domestic Iron Ore】Iron Ore Concentrates Prices in Tangshan Region May Slightly Increase

In the Tangshan iron ore concentrate market, both buyers and sellers exhibited strong wait-and-see sentiment. Leading steel enterprises have yet to set prices, and some producers are concerned about the future market, making them hesitant to act rashly. Overall, the current operating rate remains at a relatively low level, especially in Qianxi and Zunhua regions. Local leading steel mills have established long-term contracts with major mines, resulting in a reduction in spot orders. Some small and medium-sized beneficiation plants face narrow profit margins and sales difficulties, leading to an increase in shutdowns at mines and beneficiation plants. Additionally, the current scarcity of ROM and the high prices of low-grade ore leave little profit for beneficiation, dampening production enthusiasm. Consequently, spot resources are limited, providing some support for local iron ore concentrate prices. Short-term demand from steel mills remains moderate, and local pig iron production is expected to continue rising. In the near term, local iron ore concentrate prices may experience a slight upward trend. 【SMM Steel】