[Brief Comment on Domestic Iron Ore Market] Iron ore concentrates prices in Shandong region may continue to fluctuate

In Shandong, the mine-mouth price of 64%-grade alkaline iron ore concentrates (dry basis, tax-excluded, acceptance payment) dropped by 24 yuan to 824 yuan. Steel mills simultaneously lowered their purchase prices. Currently, most mines maintain normal production, while previously idled mines and beneficiation plants gradually resumed operations in recent days, keeping supply relatively stable. In Hebei, local steel mills slowed down purchases from regional suppliers, though large mines face no inventory pressure. Most local steel mills currently adopt a purchasing-as-needed approach, with overall market transactions remaining relatively stable. Recently, iron ore futures showed volatile trends, and it is expected that local iron ore concentrate prices may continue fluctuating in the short term. [SMM Steel]