SMM

After the conclusion of the important meeting, some steel mills in the Tangshan region that had undergone maintenance gradually resumed production. Coupled with low raw material inventory levels, this provided a positive boost to local prices, prompting a few steel mills to slightly increase their procurement prices. The price of local iron ore concentrates rose slightly. Resources on the mines and beneficiation plants side remain relatively tight, and the progress of resumption of work and production is slow, providing some support to local iron ore concentrate prices. On the demand side, as blast furnaces gradually resume production, this also lends some support to local iron ore concentrate prices. 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】