[China Iron Ore Brief Review] Iron Ore Prices in the Tangshan Area May Have Some Room to Move Higher

Published: Mar 12, 2026 16:45

Save

[China Iron Ore Brief: Iron Ore Concentrates Prices in Tangshan Had Some Room to Move Higher] Iron ore concentrates prices in Tangshan were relatively stable this week, with the ex-factory prices of 66-grade dry-basis, tax-included iron ore concentrates at 970-980 yuan/mt. As the important meeting was about to close, the impact of environmental protection and safety inspections gradually weakened, and some mines and beneficiation plants showed stronger willingness to produce, though overall iron ore concentrates resources remained relatively tight. According to SMM tracking, after the meeting ended, some mines and beneficiation plants that had suspended production earlier

Tangshan iron ore concentrates prices were relatively stable this week, with the ex-factory prices of 66-grade dry-basis, tax-included iron ore concentrates at 970-980 yuan/mt. As the important meeting is about to close, the impact of environmental protection and safety inspections gradually weakened, and some mines and beneficiation plants showed stronger production enthusiasm, but overall iron ore concentrates supply remained relatively tight. According to SMM tracking, after the meeting ends, some mines and beneficiation plants that had previously suspended production will gradually resume operations, but the specific timing of production resumption remains undecided. Steel mills, blast furnaces previously under maintenance will gradually return to normal production, continuing to support demand for iron ore concentrates. In addition, recent strong iron ore futures trends are expected to leave some room for further gains in local iron ore concentrates prices in the short 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 for 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

20 mins ago

SMM Weekly Maintenance Summary on June 22

[SMM Weekly Maintenance Report] According to SMM statistics, this week (June 20 to June 26), the volume of hot metal affected by blast furnace maintenance was...

20 mins ago

2 hours ago

[SMM Iron & Steel] US Raw Steel Production Rises 3.3% YoY in Week Ending June 20, 2026

According to the American Iron and Steel Institute (AISI), US domestic raw steel production reached 1.851 million net tons for the week ending June 20, 2026, representing a 3.3% year-on-year increase compared to the 1.792 million net tons produced in the same week of 2025, though experiencing a marginal 0.2% week-on-week decline from 1.854 million net tons. The capability utilization rate stood at 80.2%, up from 79.8% last year but slightly down from 80.3% in the preceding week. Adjusted year-to-date production through June 20, 2026, totaled 44.395 million net tons with an average capability utilization rate of 78.6%, marking a robust 6.1% increase from the 41.828 million net tons and 76.8% utilization recorded during the same period in 2025. Geographically, the Southern district led production with 833,000 net tons, followed by the Great Lakes (496,000 net tons), the Midwest (318,000 net tons), the North East (129,000 net tons), and the Western region (75,000 net tons). The market impact points to a solid stabilization in domestic steel output; the consistent capability utilization above 80% and strong year-to-date growth reflect that North American mills are successfully sustaining production volumes to meet steady regional consumption amid a highly protected trade environment.

2 hours ago

[SMM Iron & Steel] ArcelorMittal and AWS Conclude Global AI-Driven Industrial Automation Deal

Luxembourg-based steelmaking conglomerate ArcelorMittal officially finalized a sweeping strategic technology collaboration with Amazon Web Services (AWS) to accelerate industrial automation across its global production footprint. Under the comprehensive pact, ArcelorMittal will converge its operational technology (OT) and information technology (IT) onto AWS infrastructure. By deploying industrial IoT, real-time sensor data mapping, and computer-vision quality control directly to the edge of its production environments, the steelmaker aims to deploy advanced AI digital twins across its physical assets to drastically optimize furnace reliability and reduce energy consumption.

2 hours ago