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

Published: Sep 24, 2025 17:05

Save

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Fluctuate] Trading activity in west Liaoning was subdued, with iron ore concentrate prices edging up by 10-20 yuan/mt. The current delivery-to-factory price, tax included, for 66% grade iron ore concentrates on a dry basis stood at 740-750 yuan/mt. Most traders adopted a wait-and-see approach, with only a few making small purchases at suitable prices. Mines and beneficiation plants maintained a strong reluctance to budge on prices, with the majority operating with relatively low inventory, and some beneficiation plants having relatively small capacity.

Trading activity in west Liaoning remained subdued, with iron ore concentrate prices edging up by 10-20 yuan/mt. The current delivery-to-factory price, tax included, for 66% grade iron ore concentrates on a dry basis stood at 740-750 yuan/mt. Most traders adopted a wait-and-see approach, with only a few making small purchases at suitable prices. Mining and beneficiation plants maintained a strong reluctance to budge on prices, with the majority operating with relatively low inventory levels. Some beneficiation plants, constrained by relatively small capacity, opted to accumulate spot cargo and temporarily delay shipments. On the demand side, steel mills primarily purchased as needed, with pre-holiday restocking not being significant. The overall market was characterized by weak supply and demand. In the short term, local iron ore concentrate prices are expected to remain volatile. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Hot Topic] Against the Backdrop of Declining Global Steel Prices, Chinese Steel Companies See Profit Recovery

2 hours ago

4 hours ago

[SMM Steel] Tata Steel Sees Long-Term Growth Opportunity in India

[SMM Steel] Tata Steel expects India’s steel demand to grow by 7-8% annually over the next 20 years, supported by infrastructure development and industrialization. The company plans to expand its domestic steelmaking capacity to over 40 million tonnes per year and strengthen its presence in the Maharashtra market. More than 60-65% of Tata Steel’s annual capex budget of Rs 20,000 crore will continue to be allocated to India. Meanwhile, the company is enhancing supply chain diversification, scenario planning, and hedging strategies to manage geopolitical risks, while focusing on cost and commercial improvements in Europe amid weak demand and high energy costs.

4 hours ago

[SMM Steel] KFIL to Invest $52 Million to Expand Seamless Tube Capacity

[SMM Steel] India’s Kirloskar Ferrous Industries Limited (KFIL) plans to invest $52 million to increase its seamless steel tube production capacity from 371,000 tonnes/year to 400,000 tonnes/year. The company is also developing solar power projects expected to generate annual savings of around $10 million and plans to complete the integration of Oliver Engineering, a casting and machining company acquired in 2023. The move reflects KFIL’s continued focus on capacity expansion, cost optimization, and downstream value-added steel products.

4 hours ago