[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area May Show a Volatile Trend

Published: Jun 2, 2026 18:11

Save

[Brief Review of China's Domestic Ore Market] At the beginning of the week, the domestic ore market in Tangshan remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-975 yuan/mt. The tight supply situation at local mines and beneficiation plants showed no significant improvement, with a relatively strong wait-and-see sentiment, and they were in no hurry to sell at prices below their psychological expectations. Steel mills were mostly producing normally as planned, but with recent contraction in steel mill profits, steel mills mostly purchased as needed.

At the beginning of the week, the Tangshan domestic ore market was relatively stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-975 yuan/mt. The tight supply situation at local mines and beneficiation plants had not seen significant improvement, with a relatively strong wait-and-see sentiment, and they were in no rush to sell at prices below their psychological expectations. Steel mills were mostly producing normally according to plan, but recent steel mill profit contraction led most steel mills to primarily purchase as needed. Overall willingness remained relatively strong, yet short-term market transactions were relatively stagnant. Overall, ex-factory prices of local iron ore concentrates are expected to fluctuate 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 to learn 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

4 hours ago

[SMM Hot-Rolled Arrivals] Arrivals at Mainstream Markets Declined Simultaneously This Week

4 hours ago

【SMM Steel】Italy backs Metinvest Adria's green steel project with €285m incentives

【SMM Steel】Italy's Invitalia has approved €285m in incentives for Metinvest Adria's green steel plant in Piombino. The project, backed by Metinvest and Danieli with total investment of ~€3.2bn, is designed to produce over 2.7 million tonnes of low-carbon hot-rolled coil annually. The Italian government has designated it a national strategic interest project and will appoint a special commissioner to accelerate procedures. An additional €92m has been allocated to complete the north dock of Piombino port to support logistics. The EAF-based plant is expected to start operations by 2029.

4 hours ago

【SMM Steel】US overtakes Netherlands as Turkey's largest scrap supplier in Jan-Apr 2026

【SMM Steel】Turkey imported 6.59 million tonnes of steel scrap in January-April 2026, up 0.4% year-on-year, with total import value reaching approximately $2.5 billion. The United States overtook the Netherlands as Turkey's largest supplier, with shipments rising 34% to about 1.4 million tonnes. By contrast, imports from the Netherlands fell 26.6% to just over 861,000 tonnes, though the Netherlands and the United Kingdom remained among Turkey's key suppliers.

4 hours ago