Dear industry peers,
Greetings!
Liaoning is one of China’s core iron ore producing regions. Home to a dense concentration of mines and steel mills, it serves as a key production base for iron ore and finished steel in China. Boasting active market trading, the region’s price movements carry strong regional representativeness and have long drawn close attention from industry participants.
At present, local steel mills mainly use domestic pellets as blast furnace feedstock. Against the continued advancement of carbon peaking and carbon neutrality policies, the pellet usage ratio is projected to see a notable upward trend going forward, thus market attention on pellet prices has increased accordingly.
Building on long‑term monitoring and systematic research into Northeast China’s pellet market, SMM will officially launch the price assessment for Houying Iron & Steel 64% Acidic Pellets effective September 5, 2026. This move will further improve the regional pellet price system and serves as a reference for market pricing.
Moving ahead, SMM will keep refining its price‑collection standards and calculation models to ensure timeliness and accuracy of price data. SMM strives to deliver professional, reliable pricing benchmarks for steel‑market participants and support high‑quality, orderly development across the industry.
Price point details are as follows:
Product: Houying Iron & Steel 64% Acid Pellet
Unit: yuan/mt
Specification: 64% Acid Pellet
Quality Standard: Guaranteed values: Fe content ≥64%; Si ≤5%; S ≤0.01%; Crushing strength ≥2000N
Minimum Trading Volume: 1,000 mt
Release Time: Daily, on business days, Beijing time 3:00 p.m.
SMM Steel Industry Chain Research Team
August 25, 2026