SMM

[Domestic Iron Ore Brief: Shandong Region Iron Ore Concentrates Prices May Edge Up Slightly] This week, the pre-tax acceptance price for 64-grade alkaline powder on a dry basis from mines and beneficiation plants in the Shandong region was 865, down 3. Steel mills also lowered their prices accordingly. Miners mostly maintained normal production, and steel mills continued to purchase at a regular pace, with a relatively stable rhythm. The inventory of miners saw a small accumulation, but the pressure was relatively small. Small factories found it difficult to source raw materials, and sales were average. Overall, market transactions remained relatively stable.