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[Brief Review of Domestic Iron Ore Market] Hot metal production at a high level supports iron ore demand; there is still room for iron ore concentrates prices to rise in the Tangshan region

iconJul 17, 2025 17:21
Source:SMM
[Domestic Iron Ore Brief Review: Hot Metal Production at High Levels Supports Iron Ore Demand; Tangshan Region's Iron Ore Concentrates Prices Still Have Room to Rise] Today, the supply and demand in Tangshan's domestic ore market remained at a standstill. The current delivery-to-factory price for 66-grade dry-basis iron ore concentrates, including tax, is 890-895 yuan/mt. The futures market for iron ore has risen, driving up the producers' reluctance to budge on prices and their bullish sentiment. Mines and beneficiation plants have strengthened their reluctance to budge on prices and are not in a hurry to sell.

The domestic ore market in Tangshan witnessed a supply-demand stalemate today, with the current delivery-to-factory price for 66% grade dry basis ore including tax at 890-895 yuan/mt. The rise in iron ore futures prices bolstered producers' confidence to hold firm on prices with an upward outlook, while mines and beneficiation plants showed stronger reluctance to budge on prices and were in no rush to sell. Steel mills currently exhibited a strong desire to bargain down prices, primarily purchasing iron ore concentrates as needed. However, pig iron production at steel mill blast furnaces remained high, providing some support for iron ore concentrate demand. Coupled with the recent bullish trend in iron ore futures, this may drive up local iron ore concentrate prices. [SMM Steel]

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