[China Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning May Hold Up Well

[SMM Domestic Ore Daily Brief]

Iron ore concentrates prices in west Liaoning remained relatively stable, with the current ex-factory price of 66-grade iron ore concentrates at 740 yuan/mt on a wet basis and tax-exclusive. On the mines and beneficiation plants side, the impact of safety and environmental protection inspections persisted, and overall iron ore concentrates resources remained relatively tight. On the steel mills side, most steel mills maintained normal production as planned, while individual steel mills recently began maintenance on their pellet plants, weakening support for iron ore concentrates demand. However, iron ore futures trended strongly recently, and local iron ore concentrates prices are expected to hold up well. [SMM Steel]