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

The price of iron ore concentrates in the Tangshan region remained relatively stable; the delivery-to-factory price (dry basis, tax included) for 66% grade iron ore concentrates was 940-945 yuan/mt. The operation rate of local mines and beneficiation plants remained at a low level, with overall production staying low. Currently, steel mills are mainly purchasing as needed, with a strong overall desire to bargain down prices. Today, the market once again spread news about the reduction of crude steel production. The futures market for iron ore is weak, and steel mills may take this opportunity to drive down prices and purchase. It is expected that the price of local iron ore concentrates may decline slightly in the short term. [SMM Steel]