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

Published: Jul 21, 2025 17:02

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[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in Shandong May Still Have Some Room for Upside] This week, the price of 64% grade alkaline iron ore concentrates (dry basis, before tax, acceptance payment) from mines and beneficiation plants in the Shandong region was reported at RMB 817, up by RMB 20. It is expected that some mines and beneficiation plants that underwent short-term maintenance earlier will resume production mid-week. Overall, local iron ore production in the region is proceeding normally as planned. Both steel mills in Hebei and local steel mills have shown strong willingness to purchase, with small mills and traders actively shipping goods.

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]

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