[China Iron Ore Brief] Domestic iron ore prices may edge up slightly next week

Published: Jul 31, 2026 17:09

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This week, domestic iron ore concentrates prices edged down slightly. By region, prices in Tangshan, Qian'an, and Qianxi of Hebei remained relatively stable; in Chaoyang, Beipiao, and Jianping of western Liaoning, prices fell by 1-5 yuan/mt; in east China, prices declined by 10-15 yuan/mt. Although an accident occurred at a major mine in east China this week, the impact on local production was limited. Other regional ore processors mostly maintained normal production as planned. On the demand side, hot metal production at steel mills declined due to production restrictions, weakening support for iron ore concentrates. Overall, domestic concentrates prices showed a slight downtrend this week. Looking ahead to next week, some ore processors in northern China are expected to resume production, and total iron ore concentrates output may edge up slightly, but the tight supply situation is unlikely to improve significantly. On the demand side, hot metal production at steel mill blast furnaces is expected to see a slight increase. Domestic concentrates prices are expected to edge higher slightly overall. [SMM Iron Ore]

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