[Brief Review of China’s Iron Ore Market] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate

Domestic iron ore prices in the Tangshan region remained relatively stable, with the delivery-to-factory price, tax included, for 66-grade iron ore concentrates on a dry basis at 970-975 yuan/mt. The pace of high-price procurement by steel mills slowed down, constraining upward momentum in the market. However, local and surrounding ROM resources were tight and costs were high, and overall supply of iron ore concentrates remained relatively tight. Recently, iron ore prices have fluctuated relatively sharply, and the market has been paying relatively close attention to meetings between Zhongkuang and overseas miners. In the short term, local iron ore concentrates prices are expected to continue fluctuating. [SMM Steel]