[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area Likely to Remain in the Doldrums

Published: May 19, 2026 17:43

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[Domestic Iron Ore Brief Review] The domestic ore market in the Tangshan area weakened slightly. The delivery-to-factory price, tax included, for 66-grade dry-basis iron ore concentrates was lowered by 5 yuan, currently quoted at 985-990 yuan/mt. Steel mills recently saw profit margins shrink, with a relatively strong desire to bargain down prices for domestic ore overall, mostly purchasing as needed. On the supply side, local iron ore concentrates resources were relatively tight overall, with a relatively strong desire to hold prices firm, and overall market transactions were relatively sluggish. In addition, iron ore futures recently trended weaker.

The domestic ore market in Tangshan weakened slightly. The delivery-to-factory price of 66-grade iron ore concentrates (dry basis, tax included) was cut by 5 yuan, now quoted at 985-990 yuan/mt. Steel mills have seen profit margins shrink recently, strengthening their overall desire to bargain down prices for domestic ore, with most purchasing as needed. On the supply side, local iron ore concentrates resources remained relatively tight, and the overall desire to hold prices firm was relatively strong, leaving overall market transactions relatively sluggish. Combined with the recent weakness in iron ore futures, this may exert downward pressure on local iron ore concentrates prices. Overall, local iron ore concentrates prices are expected to remain in the doldrums in the short term. [SMM Steel]

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