[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate in the Doldrums.

The Tangshan domestic ore market prices remained generally stable, with Fe66% iron ore concentrates, dry basis, delivery-to-factory price, tax included, at 1,015-1,020 yuan/mt. As ore processing enterprises successively halted production, market transactions weakened, and the tight supply of local resources intensified. Steel mills side, current hot metal production of steel mill blast furnaces remains at a relatively high level, providing support for iron ore concentrates demand. However, the cost-effectiveness of domestic iron ore concentrates has significantly weakened, and steel mills overall have a strong desire to bargain down prices. Coupled with the recent volatile trends in iron ore futures, it is expected that local iron ore concentrates prices may show a weak and stable, fluctuating trend in the short term. [SMM Steel]