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

Prices for iron ore concentrates in the Tangshan region remained relatively stable, with 66% grade iron ore concentrates quoted at ex-factory prices of 1,015-1,020 yuan/mt on a dry basis, including tax. As some mines and beneficiation plants approached year-end, monthly production of iron ore concentrates saw a slight increase, but the overall tight supply situation for iron ore concentrates did not improve significantly, and supply remained relatively tight. On the demand side, local steel mills continued to face significant profit pressure, and their purchases of iron ore concentrates were mainly based on purchasing as needed. Overall market transactions remained relatively sluggish. Considering the recent strong performance in iron ore futures, which may drive local market sentiment, there is some potential for local iron ore concentrate prices to rise. [SMM Steel]