[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in Shandong Region May See a Slight Increase

Published: Nov 17, 2025 17:18

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[Domestic Iron Ore Brief: Shandong Region Iron Ore Concentrates Prices May See Slight Increase Potential] In Shandong, the 64% grade alkaline powder dry basis pre-tax acceptance ex-mine price for iron ore concentrates from mines and beneficiation plants was reported at 858 yuan, down 9 yuan. Steel enterprises simultaneously lowered prices. Most mines are operating normally, mainly selling as they produce, with little inventory accumulation. However, the overall shipment pace has slowed down, and local steel mills are purchasing under long-term agreements.

In Shandong, the mine-mouth price for 64%-grade alkaline concentrates (dry basis, pre-tax, acceptance payment) was reported at 858 yuan, down 9 yuan. Steel mills simultaneously lowered prices. Most mines maintained normal production, primarily selling output as it was produced, with little inventory accumulation. However, the overall shipment pace slowed down. Local steel mills purchased under long-term agreements, while mills in Hebei mainly purchased as needed, with generally moderate procurement. Overall market transactions were relatively sluggish. Today, iron ore futures showed a stronger trend, which may drive up domestic concentrate prices. It is expected that local iron ore concentrate prices may see a slight increase in the short term. [SMM Steel]

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