[Domestic Iron Ore Review] Iron ore concentrates prices in west Liaoning may have some upward potential.

Published: Feb 25, 2026 17:16

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Have Some Upside Potential] According to SMM tracking, iron ore concentrate prices in west Liaoning experienced a slight decrease. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 750-755 yuan/mt. Some small and medium-sized local mines and processing plants suspended production for maintenance during the Chinese New Year and have not yet resumed normal operations. Most large mines and processing plants maintained normal production, but overall iron ore concentrate output remains relatively low.

According to SMM tracking, iron ore concentrate prices in west Liaoning edged down. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 750-755 yuan/mt. Some small and medium-sized local mines and beneficiation plants suspended production for maintenance during the Chinese New Year and have not yet resumed normal operations. Most large mines and beneficiation plants maintained normal production, but overall iron ore concentrate output remains tight. Approaching the Two Sessions, feedback from relevant local mines and beneficiation plants indicates that no notice regarding restrictions on explosives has been received yet, and based on past experience, production is expected to proceed normally. Demand side, local steel mills' blast furnaces are operating normally. Affected by environmental protection restrictions, there are plans for sintering production restrictions, but the impact on blast furnaces is limited. Recently, the market holds certain expectations for policies during the Two Sessions, and local iron ore concentrate prices may have some upward potential. [SMM Steel]

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