Domestic Iron Ore Market Brief: Downside Risks in Liaodong Region Market

The domestic iron ore market in Liaodong region is relatively quiet overall, with transactions slowing down. Influenced by the production cutbacks of key steel companies in Tangshan, trading companies are becoming more cautious in their inquiries. Market prices are mainly based on the prices requested by selected mills. Currently, many mills are focusing on fulfilling existing orders and have limited inventory on hand, which poses downside risks in the market.