Domestic Iron Ore Brief: Tangshan Local Ore Prices Still Have Some Downward Space

Trading in the Tangshan area remains sluggish, with local iron powder prices experiencing a significant drop in recent days, falling below the cost price of some local mines, leading to some local mines to start production shutdowns. Many are taking a wait-and-see attitude, waiting for a rebound, exacerbating the shortage of fine ore resources. At the steel mill end, the weak demand from the terminal has led to some blast furnaces starting production shutdowns and maintenance, affecting iron ore...