SMM

At the beginning of the week, the Tangshan iron ore concentrates market remained stable in many areas. Local steel mills slightly increased their tender procurement prices, but most traders still found it difficult to make profits and mainly adopted a wait-and-see approach. Regarding beneficiation, due to tight raw material supply and persistently high prices, some beneficiation plants experienced severe losses, leading to an increase in production halts, particularly in the Zunhua region. Currently, the local market shows weak supply and demand. Considering the recent weak trend in iron ore futures, it is expected that local iron ore concentrate prices may fluctuate with a weak and stable trend in the short term. 【SMM Steel】