[Domestic Iron Ore Brief Review] Iron Ore Prices in West Liaoning May Continue to Fluctuate

Published: Sep 10, 2025 17:02

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile] Iron ore concentrate prices in west Liaoning remained relatively stable, with ex-factory prices for Fe66% iron ore concentrates on a wet basis, excluding tax, at 720-730 yuan/mt; Supply side, mines and concentrators have gradually resumed normal production, slightly easing the tight supply of local iron ore concentrates; Steel mills side, a leading local steel mill formulated its annual maintenance plan.

West Liaoning, iron ore concentrate prices remained relatively stable, with Fe66% iron ore concentrates ex-factory prices (wet basis, excluding tax) at 720-730 yuan/mt. Supply side, mines and beneficiation plants have gradually resumed normal production, slightly improving the tight supply of local iron ore concentrates. Steel mills side, a leading local steel mill has formulated an annual maintenance plan, expected to last 40 days. However, overall local iron ore concentrate resources remain relatively tight, limiting steel mills' ability to drive down prices. In recent days, iron ore futures showed a strong trend, boosting sentiment among some mines and beneficiation plants. But considering declining steel mill profits, purchasing is mainly as needed. Short-term, local iron ore concentrate prices are expected to maintain current levels with fluctuations. [SMM Steel]

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