[Brief Comment on China Iron Ore] Iron ore prices in the Tangshan area are likely to consolidate on a subdued note

Published: Sep 15, 2026 17:07 (GMT+8)

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Iron ore prices in the Tangshan area edged lower, with 66% grade iron ore concentrates currently at a dry-basis delivered price, tax included, of 935-940 yuan/mt. Operations at mines and beneficiation plants remain at relatively low levels overall, with state-owned mines mostly using their ore powder internally and private mines facing tight concentrate supply. Steel mills have begun to incur losses and currently have a relatively strong desire to bargain down domestic concentrates prices.

Iron ore prices in the Tangshan area were slightly lowered, with the current delivered price of 66% grade iron ore concentrates at 935-940 yuan/mt on a dry basis, tax included. The overall operating rate at mines and beneficiation plants remains at a relatively low level, with most concentrates from state-owned mines used for their own purposes and concentrates from private mines in tight supply. Steel mills have begun to incur losses and have a relatively strong desire to bargain down domestic concentrates prices, with a clear standoff between sellers and buyers in the market. However, considering the subdued trend in iron ore futures recently, local iron ore concentrate prices are expected to consolidate on a subdued note in the short term. [SMM Steel]

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