In Shandong, the mine-mouth price of 64%-grade alkaline iron ore concentrates (dry basis, tax-excluded, acceptance payment) dropped by 24 yuan to 824 yuan. Steel mills simultaneously lowered their purchase prices. Currently, most mines maintain normal production, while previously idled mines and beneficiation plants gradually resumed operations in recent days, keeping supply relatively stable. In Hebei, local steel mills slowed down purchases from regional suppliers, though large mines face no inventory pressure. Most local steel mills currently adopt a purchasing-as-needed approach, with overall market transactions remaining relatively stable. Recently, iron ore futures showed volatile trends, and it is expected that local iron ore concentrate prices may continue fluctuating in the short term. [SMM Steel]
[Brief Comment on Domestic Iron Ore Market] Iron ore concentrates prices in Shandong region may continue to fluctuate
- Aug 04, 2025, at 5:14 pm
[Domestic iron ore market brief: Iron ore concentrates prices in Shandong may continue to fluctuate] In Shandong, the reported price for 64% grade alkaline iron ore concentrates (dry basis, tax-exclusive, acceptance payment) from mines and beneficiation plants is RMB 824, down by RMB 24. Steel mills have also lowered their prices accordingly. Currently, most mines in the region are operating normally. Mines and beneficiation plants that underwent maintenance earlier have gradually resumed production in the past two days, resulting in a relatively stable supply. Steel mills in Hebei have slowed down their purchases from local sources.
