[China Iron Ore Brief Review] Iron ore concentrates prices in the Tangshan area may remain in the doldrums.

Published: Jun 24, 2026 17:00

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[China Iron Ore Briefing] The Tangshan domestic ore market remains relatively stable, with 66% grade iron ore concentrates dry basis tax-included EXW prices at 970-980 yuan/mt. Safety inspection impacts have receded, but local and Chengde raw material resources remain tight, with beneficiation operation rates low and costs high, facing external weakness.

The Tangshan domestic ore market remains relatively stable. EXW prices for 66% grade iron ore concentrates, dry basis, tax-included, are 970-980 yuan/mt. The impact of safety inspections has subsided, but raw material resources in Tangshan and Chengde remain tight. Concentrate operations are at low levels with high costs. Facing external weakness, producers rarely quote prices. Currently, steel mills' profits have shrunk, and coupled with the low cost-performance of domestic iron ore, steel mills mainly purchase as needed, resulting in a relatively sluggish overall market. On the whole, local iron ore concentrate prices are expected to be in the doldrums in the short term. [SMM Steel]

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