[Brief Review of China’s Iron Ore Market] Iron Ore Prices in West Liaoning May Have Some Upside Room

Published: Mar 20, 2026 17:53

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[China Iron Ore Brief Comment: Iron Ore Concentrates Prices in West Liaoning May Have Some Room to Rise] Domestic iron ore prices in west Liaoning were relatively stable, with the ex-factory prices of locally produced 66-grade iron ore concentrates, wet basis and excluding tax, at 740-750 yuan/mt; some local mines and beneficiation plants were still suspended, and overall iron ore concentrates resources remained relatively tight, providing some support for local iron ore concentrates prices; Demand side, steel mills were mostly operating normally as planned, for local iron

Domestic iron ore prices in west Liaoning were relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 740-750 yuan/mt; some local mines and beneficiation plants were still suspended, and overall iron ore concentrates supply remained relatively tight, providing some support for local iron ore concentrates prices; demand side, steel mills were mostly operating normally as planned, lending some support to demand for local iron ore concentrates. Overall, local iron ore concentrates prices are expected to have some room to edge up next week. [SMM Steel]

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