[China Iron Ore Brief] Prices of Iron Ore Concentrates in Tangshan Region May Consolidate
Iron ore concentrate prices in the Tangshan area are relatively stable, with dry-basis, tax-inclusive EXW prices for 66-grade iron ore concentrates at 950-960 yuan/mt. Local iron ore concentrate resources are relatively tight, and the willingness to hold prices firm is relatively strong. Demand side, steel mills mostly purchase as needed; currently, steel mill losses are relatively pronounced, and the cost-effectiveness of domestic ore remains at a relatively low level.