Domestic Iron Ore Brief: Iron Powder Prices in Western Liaoning Region May Continue to Decline

Affected by the price reduction in Tangshan and the significant decrease in pricing by the dominant steel companies in western Liaoning, local iron powder prices have also experienced a downturn. The local price for 66% grade wet basis iron powder excluding tax is 880-890 yuan per ton. In terms of supply, some local mines have partially ceased production, with most focusing on production and sales as needed. Spot market...