[Brief Review of Domestic Iron Ore Market] The price of iron ore concentrates in Shandong may still have some room for upward adjustment

This week, the mine-mouth price of 64%-grade alkaline iron ore concentrates in Shandong province (dry basis, tax-excluded, acceptance payment terms) rose by 20 yuan to 817 yuan/mt. Some mines and beneficiation plants that underwent short-term maintenance earlier are expected to resume production mid-week, while most local iron ore operations maintained normal output as planned. Both Hebei-based and local steel mills showed strong purchasing interest, with small mills and traders actively selling. Overall market transactions improved compared to the previous period. Local steel mills maintained relatively high hot metal production levels, providing some support for iron ore concentrate demand. Coupled with the recent strong performance of iron ore futures, domestic iron ore concentrate prices are expected to have further upward potential in the short term. [SMM Steel]