[Domestic Iron Ore Brief Review] Ore Prices in Shandong Mines and Beneficiation Plants May Remain Volatile

Published: Dec 1, 2025 17:27

Save

[Domestic Iron Ore Brief: Ore Prices in Shandong Mines and Beneficiation Plants May Remain Volatile] This week, the mine-mouth price for 64%-grade alkaline powder in Shandong's mines and beneficiation plants was reported at 882 yuan per dry metric ton, up 11 yuan, with steel mills raising their prices in sync. Most miners maintained normal production, with virtually no inventory buildup. Steel mills primarily purchased under long-term agreements, while procurement in Hebei slowed down slightly. Sales at small plants were moderate.

This week in Shandong, the mine-mouth price for 64%-grade alkaline concentrates (dry basis, pre-tax, acceptance) was quoted at 882 yuan per tonne, up 11 yuan. Steel mills raised their prices simultaneously. Most miners maintained normal production with essentially no inventory accumulation. Steel mills primarily made purchases under long-term agreements, while procurement in Hebei slowed slightly. Sales from small plants were average. Overall ore supply in the local mining and beneficiation sector remained relatively tight. Local steel mills faced significant profit pressure. This week, individual steel mills are expected to implement maintenance plans, weakening support for local iron ore concentrate demand. The market is experiencing a short-term supply-demand slowdown. Overall, local iron ore concentrate prices are expected to remain volatile in the near term. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

[SMM Steel] SMS Group wins SAIL Durgapur billet caster modernization project

[SMM Steel] Germany’s SMS Group secured a contract from India’s SAIL to modernize billet casters at the Durgapur Steel Plant. The upgrade of two six-strand casters is expected to boost production capacity by over 60% and introduce a 150 mm × 150 mm billet section to support downstream rebar and wire rod production. The project will be implemented in two phases, with commissioning planned for Q4 2027 and Q3 2028.

11 hours ago

[SMM Steel] US drawn wire exports rise 12.5% MoM in January 2026

[SMM Steel] US drawn wire exports totaled 6,737 mt in January 2026, up 12.5% MoM but down 15% YoY, according to the US Department of Commerce. Canada remained the top destination with 2,831 mt, followed by Mexico at 2,702 mt, while export value reached $18.1 million.

11 hours ago

12 hours ago

[SMM Steel] Eurofer urges EU to act fast as global steel overcapacity hits record 2.4 billion mt

[SMM Steel] On March 25, 2026, the European Steel Association (Eurofer) issued a stark warning following the release of the latest OECD data, labeling global steel overcapacity an "existential threat" to European steelmaking, investment, and jobs. The data reveals that global steelmaking capacity has climbed to a record 2.4 billion mt, with excess capacity reaching 640 million mt in 2025—exceeding total OECD production by over 200 million mt. Eurofer Director-General Axel Eggert is calling for the immediate adoption of a robust tariff-rate quota (TRQ) system to shield the EU market from trade diversion and stabilize the domestic industry before current measures expire

12 hours ago