[Brief Review of China's Iron Ore Market] Prices in West Liaoning May Continue to Fluctuate

Published: Apr 1, 2026 18:10

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[China Iron Ore Brief Review: Prices in West Liaoning May Continue to Fluctuate] Local iron ore concentrates 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; recently, multiple departments, including environmental protection, emergency response, and forestry, jointly conducted inspections in Liaoning Province. According to SMM tracking, some small and medium-sized ore dressing plants with incomplete documentation suspended production again, exacerbating the overall tight supply of iron ore concentrates.

Local iron ore concentrates 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; recently, multiple departments including environmental protection, emergency response, and forestry jointly conducted inspections in Liaoning Province. According to SMM tracking, some small and medium-sized mines and beneficiation plants with incomplete procedures suspended production again, exacerbating the overall tightness of iron ore concentrates resources. Steel mills, currently mainly purchasing as needed, had a relatively strong desire to bargain down prices, and overall market transactions were relatively sluggish. The market was in a situation of weak supply and weak demand in the short term, and local iron ore concentrates prices were expected to fluctuate in the short term. [SMM Steel]

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