[Brief Review of Domestic Iron Ore] The Tangshan Region May Fluctuate Downward.

The Tangshan iron ore market remained mostly stable, with the tax-inclusive delivered price for 66-grade dry basis iron ore at 970-980 yuan/mt. Buyers and sellers were mostly in a wait-and-see mode, with only a few traders cautiously offering prices. Currently, it is understood that the willingness to sell selected resources in many regions is not strong, mainly due to losses, and there are no low-priced recyclable resources. With losses worsening, most have chosen to withdraw from the market and observe. Local steel mills indicated that profit pressure is significant, and they mainly purchase as needed, with a strong desire to bargain down prices overall. In the short term, local iron ore prices are expected to fluctuate downward. 【SMM Steel】