[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Edge Up Slightly

The Tangshan domestic ore market remained generally stable, with ex-factory prices for 66% grade iron ore concentrates on a dry basis including tax at 1,005-1,010 yuan/mt. Purchasing enthusiasm among some producers improved, and bidding transactions at large mines showed signs of recovery. However, market trading remained relatively weak, with no significant increase in inquiries from producers. The tight supply of low-grade resources is expected to become more pronounced, and overall processing volumes at beneficiation plants are constrained. On the steel mill side, most are maintaining normal production as planned, with hot metal output remaining at relatively high levels, providing support for overall demand. In the short term, the fundamentals for iron ore are moderate, and local iron ore concentrate prices are expected to have some room for further increases. [SMM Steel]