[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Continue to Fluctuate

In Shandong region, the pre-tax acceptance price of 64-grade alkaline concentrates (dry basis) from mines and beneficiation plants rose by 10 yuan to 840 yuan. Most mines and beneficiation plants maintained normal production, while steel mills' long-term contract purchases remained relatively stable. Local steel mills are currently operating normally without any maintenance plans, with procurement mainly following routine patterns. Steel mills continue to purchase domestic ore as needed, with overall transactions at a moderate level. Considering the recent fluctuating trend in iron ore futures, it is expected that local iron ore concentrate prices may maintain this fluctuating trend in the short term. [SMM Steel]