[China Iron Ore Brief] Shandong Region Iron Ore Prices May Consolidate on a Subdued Note

Published: Jul 13, 2026 17:40

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This week, the dry basis pre-tax quotation for 64%-Fe alkaline concentrates in Shandong rose by 1 yuan to 818 yuan, with steel mills raising prices in tandem. Large miners mostly sold at stable prices, while some miners might suspend production to accumulate ROM ore. Safety inspections were conducted in the region, and shipments were largely against orders. Steel mills purchased mainly on demand, while shipments from small plants and traders were average and market transactions were mediocre. On the imported ore front, overall iron ore prices consolidated on a subdued note, which is expected to have a certain impact on the local iron ore market. Overall, local iron ore concentrate prices are expected to consolidate on a subdued note in the short term. [SMM Steel]

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