[China Iron Ore Mine Briefing] Iron ore concentrates prices in the Tangshan area are likely to remain largely stable

Published: Jul 2, 2026 18:24

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Iron ore prices in Tangshan remain stable, with 66% grade iron ore concentrates at dry basis tax-inclusive EXW prices of 970-980 yuan/mt. Local resources are extremely tight, mines and beneficiation plants hold strong willingness to keep prices firm, and their pricing power has strengthened. Demand side, local steel mills may gradually make maintenance plans recently, with overall hot metal production expected to decline, weakening demand support for iron ore concentrates. Overall, steel mills’ desire to bargain down prices remains strong, but mines and beneficiation plants will not sell below their psychological expectations. Sellers and buyers are locked in a standoff. Overall, local iron ore concentrate prices are expected to remain largely stable. [SMM Steel]

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