At the beginning of the week, the iron ore concentrates market in Tangshan operated steadily with sluggish trading. Recently, local iron ore concentrate prices dropped back slightly, with the delivery-to-factory price of 66-grade iron ore concentrates (dry basis, tax-included) at 960-970 yuan/mt. Currently, the overall supply from mines and beneficiation plants remains relatively tight, while the market shows weak supply and demand. Steel mills are restocking at a slow pace, coupled with limited improvement in steel products. Steel mills face significant financial pressure and exhibit a strong willingness to suppress raw material prices. It is expected that in the short term, local iron ore concentrate prices will continue to fluctuate with a stable and weak trend. 【SMM Steel】
[Domestic Iron Ore Brief Review] The price of iron ore concentrates in the Tangshan region is expected to fluctuate stably with a weak trend in the near future.
- Feb 18, 2025, at 9:47 am
Domestic Iron Ore Brief: Prices of Iron Ore Concentrates in Tangshan Region May Fluctuate with a Stable and Weak Trend
At the beginning of the week, the Tangshan iron ore concentrates market operated steadily with sluggish trading. Recently, local iron ore concentrate prices dropped back slightly, with the delivery-to-factory price of 66-grade dry basis iron ore concentrates, including tax, at 960-970 yuan/mt.
