[Domestic Iron Ore Brief Review] Iron ore concentrate prices in west Liaoning may maintain volatile operation

Published: Jan 28, 2026 17:11

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile] Iron ore concentrate prices in west Liaoning are relatively stable, with ex-factory prices for 66% grade iron ore concentrates on a wet basis excluding tax at 740-750 yuan/mt. Currently, production at mines and beneficiation plants is relatively stable, and local safety inspections have been relaxed, with most operations proceeding as planned. According to feedback from mines and beneficiation plants, current temperatures are low; if ore supply is sufficient, they will not easily halt production, as otherwise the drainage systems could freeze, preventing production in the short term. Meanwhile, steel mills continue to exhibit a strong overall desire to bargain down prices.

Iron ore concentrate prices in west Liaoning are relatively stable, with the ex-factory price for 66% grade wet-base concentrates (excluding tax) at 740-750 yuan/mt. Currently, production at mines and beneficiation plants is relatively stable, as local safety inspections have eased, and most operations are proceeding as planned. According to feedback from mines and beneficiation plants, current low temperatures mean they will not easily halt production if ore supply is sufficient, as frozen drainage systems would prevent short-term production. Steel mills continue to show a strong desire to bargain down prices, while overall restocking willingness among local steel mills remains weak, with most purchasing as needed. The market is expected to remain in the doldrums with fluctuations in the short term, and local iron ore concentrate prices are likely to stay steady. [SMM Steel]

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