In west Liaoning, domestic iron ore concentrate prices edged up by 10-20 yuan/mt, with the ex-factory price for 66%-grade wet-base (excluding tax) at 700-710 yuan/mt. However, the overall rebound fell short of expectations, and the price spread between Tangshan and local iron ore concentrates widened to 50-60 yuan/mt. Mines and beneficiation plants maintained normal production as planned but exhibited strong wait-and-see sentiment in shipments. Steel mills remained cautious in procurement, primarily purchasing as needed, with a persistent desire to bargain down prices. The market currently reflects weak supply and demand dynamics. Looking ahead, given the recent sharp rise in imported iron ore prices, a correction may occur, potentially leading to weaker local iron ore concentrate prices. [SMM Steel]
[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in west Liaoning may face the risk of weakening
- Jul 23, 2025, at 4:36 pm
[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in West Liaoning May Face Weakening Risks] Prices of domestically produced iron ore concentrates in west Liaoning have slightly increased by 10-20 yuan/mt. The ex-factory price for 66% grade wet-based iron ore concentrates, excluding tax, ranges from 700-710 yuan/mt. The overall rebound in the local area has been weaker than expected, with the price spread between Tangshan's iron ore concentrates and local prices widening to 50-60 yuan/mt. Currently, mines and beneficiation plants are mostly operating as planned, but there is a strong wait-and-see sentiment regarding shipments.
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