[Domestic Iron Ore Brief] Iron ore prices in the Liaodong region may consolidate

Published: Nov 04, 2026 17:40 (GMT+8)

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The domestic ore market in eastern Liaoning remained mostly stable, with supply and demand continuing to be cautious and wait-and-see. A major private mine in the area has still not resumed normal production due to an accident last month. Operating ore processing facilities are mainly producing in phases, leaving the market with a tight supply of good-quality resources and relatively firm prices, while traders note that steel mills have mostly not yet finalized new contracts.

The domestic ore market in eastern Liaoning remained mostly stable, with supply and demand continuing to be cautious and wait-and-see. A large private mine in the region has still not resumed normal production due to an accident last month. Operating ore processing plants are mainly engaged in phased production, with tight supply of high-quality resources in the market and relatively firm prices. Meanwhile, traders, considering that steel mills have mostly not yet finalized new contracts and lacking price guidance, have little purchase willingness, making it difficult for market resources to circulate effectively. Overall market transactions are relatively sluggish. Steel mills still have a strong desire to bargain down prices. On the whole, it is expected that local iron ore concentrate prices may consolidate in the short term. [SMM Steel]

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