[Domestic Iron Ore Brief] Tangshan Area Iron Ore Concentrates Prices May Remain Volatile

Iron ore concentrate prices in Tangshan edged down by 5-10 yuan at the beginning of the week, with current 66% grade iron ore concentrates at 980-990 yuan/mt. According to SMM, since August 20, supervision and assistance teams from both the ministry and provincial department have been stationed in Tangshan to ensure production control (suspension) measures are strictly implemented at relevant enterprises. Mines and beneficiation plants in Tangshan are required to fully suspend production and transportation during this period, exacerbating the short-term tight supply of local iron ore concentrates. Steel mills have also successively formulated maintenance plans, resulting in a weak supply and demand scenario in the short term. Local iron ore concentrate prices are expected to remain volatile in the near term. [SMM Steel]