Domestic Iron Ore Brief: Weakness Continues in Tangshan Market

Prices of fine powder in the Tangshan area have seen a decline, with 66% iron powder being adjusted down by 10-15 yuan/ton. Influenced by the significant drop in foreign futures today, bullish sentiment at the ore selection end has decreased. From a fundamental perspective, local ore selection is mainly focused on normal production, and supply is still adequate. At the steel mill end...