[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area May Remain Range-Bound

Iron ore concentrates prices in the Tangshan area remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates on a dry basis, tax-included, at 975-980 yuan/mt. Recently, local environmental protection warnings were lifted, and sintering production resumed normal operations. Mines and beneficiation plants were also producing normally as planned, but overall local iron ore concentrates resources remained relatively tight. Steel mills were currently under pressure on profits, mostly purchasing as needed, with a relatively strong desire to bargain down prices. Overall market transactions were relatively sluggish, with an obvious standoff mentality between sellers and buyers. Overall, local iron ore concentrates prices are expected to remain volatile in the short term. [SMM Steel]