[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Show Volatile Movements

The price of iron ore concentrates in the Tangshan area has risen again, with the delivery-to-factory price, tax included, for 66% grade dry-base iron ore concentrates reaching 1,020-1,030 yuan/mt. Recently, environmental protection inspections in the Tangshan area have intensified, with some independent beneficiation plants indicating short-term production suspensions. Additionally, recent strengthened verification of land use procedures by relevant authorities has led to the shutdown of non-compliant beneficiation plants. Overall, iron ore concentrate resources in the region remain relatively tight, providing strong support for local iron ore concentrate prices. On the demand side, steel mills are primarily purchasing as needed, and under environmental pressure, they face maintenance challenges, with overall hot metal production expected to decline. Coupled with numerous bearish factors such as external trade frictions, it is anticipated that local iron ore concentrate prices will maintain a volatile trend in the short term. [SMM Steel]