[China Iron Ore Brief] Iron ore concentrates prices in the Tangshan area may be in the doldrums and fluctuate

Published: Jun 9, 2026 17:51

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[Domestic Iron Ore Brief] The Tangshan domestic ore market remained overall stable, with 66% grade iron ore concentrates at ex-factory prices of 970-975 yuan/mt on a dry basis including tax. Local iron ore concentrate resources remain tight, supporting producers' costs and willingness to hold prices firm. With beneficiation feedstock tight and low-priced resources hard to source, offers remained firm due to cost considerations. Steel mills, facing shrinking margins recently, are mostly purchasing as needed, with an overall relatively strong desire to push for lower prices.

The Tangshan domestic ore market is steady overall. 66% grade iron ore concentrates, dry basis, tax-included ex-factory prices are 970-975 yuan/mt. Local iron ore concentrate resources remain tight, supporting producers' costs and their willingness to hold prices firm. Beneficiation raw materials are tight, low-price resources are hard to find, and considering costs, asking prices stay firm. On the steel mill side, recent profit margins have narrowed, leading to mostly purchasing as needed, with a relatively strong overall desire to bargain down prices. Recently, iron ore futures have trended weakly, which has affected domestic iron ore concentrate prices to some extent. It is estimated that local iron ore concentrate prices may remain in the doldrums with some fluctuations in the short term. [SMM Steel]

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