[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in Tangshan area may continue to rise

Iron ore concentrate prices in Tangshan rose slightly, with the delivery-to-factory price for 66% grade dry basis including tax at 920-930 yuan/mt. As the external market strengthened, the high-price sentiment at mines and beneficiation plants became more evident, while wait-and-see sentiment remained relatively pronounced. Currently, blast furnace hot metal production at steel mills remains high, but opinions diverge on the future trend of iron ore prices, leading to purchasing as needed. Overall, domestic iron ore concentrate market transactions remained relatively stable. In the short term, with blast furnace hot metal production at steel mills remaining high and steel mill profits moderate, coupled with the strong performance of iron ore futures, local iron ore concentrate prices may still have some upward potential. [SMM Steel]