SMM

The market prices of domestic ore in western Liaoning remained stable. The restocking activities of local steel mills after the holiday supported the sentiment of beneficiation plants to stand firm on quotes. Affected by safety inspections, the overall operating rate of local mines and beneficiation plants remained at a relatively low level, and the resource shortage was quite evident. The overall wait-and-see sentiment was strong among mines and beneficiation plants. Currently, steel mills mainly purchased as needed. Today, the market reported that steel mills in the north-east China region had received notices on crude steel output reduction. According to the SMM survey, individual steel mills had indeed received relevant notices, but it was expected that the impact on the demand for iron ore concentrates would be relatively small in the short term. Sellers and buyers were still in a state of game, and the local iron ore concentrate prices were likely to remain stable in the short term. 【SMM Steel】