[China Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Remain in the Doldrums

Tangshan iron ore prices fell slightly by 5-10 yuan, with the current ex-factory prices of 66-grade dry-basis tax-inclusive iron ore concentrates at 970-975 yuan/mt; there have been no significant changes on the ore side for now, and overall supply of iron ore concentrates remains relatively tight. Demand side, steel mills are still largely maintaining normal production as planned, but their overall desire to bargain down prices is relatively strong, highlighting a market stalemate. However, considering the recent volatile trend in iron ore futures, local iron ore concentrate prices are expected to remain in the doldrums in the short term. [SMM Steel]