【Brief Review of Domestic Iron Ore Market】Iron Ore Concentrates Prices in Tangshan Region May Remain Stable

The Tangshan iron ore concentrates market remained relatively stable during the holiday, with delivery-to-factory prices (dry basis, tax included) for 66% grade ore at 930-940 yuan/mt. Currently, the overall production at mines and beneficiation plants is relatively stable, but the process of resuming production is slow. The local iron ore concentrates resources remain tight, providing some support to local ore prices. Steel mills currently have no maintenance plans, and pig iron production from blast furnaces at steel mills remains at a relatively high level, providing some support to the demand for iron ore concentrates. However, steel mills are still mainly purchasing as needed. Overall market transactions are sluggish, and there is a clear competitive mindset between sellers and buyers. It is expected that local iron ore concentrates prices will remain stable in the short term. [SMM Steel]