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

This week, overall domestic iron ore concentrate prices showed a downward trend. The SMM comprehensive domestic iron ore concentrate price index fell by 6 yuan/mt MoM. Prices in Hebei and Liaoning were relatively stable, while prices in Shandong and Anhui declined more noticeably. Currently, overall domestic ore resources are relatively tight, providing some support to domestic iron ore prices. At present, mines and beneficiation plants have weak expectations for future price increases, mostly selling as they produce. Steel mills also primarily purchase as needed, but overall, the desire to bargain down prices remains strong. Overall, it is expected that local iron ore concentrate prices may remain in the doldrums with fluctuations in the short term. [SMM Steel]