SMM

The Liaodong domestic ore market operated steadily overall, with no significant improvement in transactions. Affected by environmental protection inspections by the inspection team, the operating rate of mines and beneficiation plants remained low, leading to persistent tightness in spot resources recently. There is a strong reluctance to budge on prices at the mines and beneficiation plants, with most producers maintaining previous high offers. Steel mills mostly continue purchasing as needed, with insufficient subjective willingness to increase prices. Traders, constrained by limited profit margins, have resulted in relatively sluggish overall market transactions. However, considering the recent strong performance of iron ore futures, which may boost enthusiasm in the domestic iron ore concentrates market, the overall local iron ore concentrates prices may see a slight increase. [SMM Steel]