[Domestic Iron Ore Brief] Iron ore concentrates prices in Shandong are expected to consolidate on a subdued note
Shandong mines and beneficiation plants quoted 64-grade alkaline powder, dry basis, pre-tax, acceptance, ex-mine at 759 yuan, down 12 yuan WoW. Steel mills lowered prices in tandem. After the holiday, steel mill purchases returned to a normal pace, some miners saw shipments slow down, and some continued to fulfill long-term contract orders with no inventory pressure. Overall, the market was relatively stable; mines and beneficiation plants were affected by lower imported ore prices.