[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in Liaoning region may fluctuate

Prices in the Liaodong domestic ore market remained relatively stable, with overall trading activity sluggish. Local iron ore concentrate supplies remained tight, supported by the sustained improvement in external markets. However, traders found little profit margin given steel mills' pricing, and refrained from high-risk purchases at elevated prices. Steel mills side, SMM tracking indicates a leading local mill will formulate its annual maintenance plan in August. Current iron ore concentrate purchases are primarily need-based, suggesting short-term prices may fluctuate. [SMM Steel]