[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area Likely to Remain in the Doldrums

Published: Apr 14, 2026 17:13

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[Brief Review of China's Domestic Iron Ore Market] The domestic ore market in Tangshan remained generally stable. The ex-factory prices of iron ore concentrates with 66 grade on a dry basis, tax included, stood at 970-980 yuan/mt. Recently, the pace of steel enterprises' ordering slowed down, with steel mills mainly purchasing as needed, and the overall desire to bargain down prices was relatively strong. Mines and beneficiation plants faced certain resistance in shipments, but most asking prices remained firm, with sellers unwilling to sell below their psychological expectations.

The Tangshan domestic ore market remained generally stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-980 yuan/mt. Recently, the pace of steel enterprises' ordering has slowed down, and steel mills mostly purchase as needed, with a relatively strong desire to bargain down prices. Mines and beneficiation plants face certain resistance in shipments, but most are maintaining firm asking prices and are unwilling to make shipments below their psychological expectations. Overall market transactions were relatively sluggish. Considering that iron ore futures have recently been in the doldrums, which may affect domestic ore prices, it is estimated that local iron ore concentrates prices may be in the doldrums in the short term. [SMM Steel]

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