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

This week, the mine-mouth price of 64%-grade alkaline concentrate on a dry basis with pre-tax acceptance in the region rose by 14 to 849. Steel mills raised their prices simultaneously. Most miners maintained normal production, and supply remained stable. Steel mills in Hebei and local areas were active in purchasing. Currently, large mines had no inventory, while small plants and traders executed previous orders. Some steel mills implemented production restrictions on sintering, leading to a slight reduction in the use of imported ore. After the event, operations will gradually return to normal. Overall, the market transaction atmosphere was moderate. It is expected that local iron ore concentrate prices may fluctuate in the short term. [SMM Steel]