[Domestic Iron Ore Brief] This week, domestic iron ore concentrates prices edged down. Regionally, prices in Tangshan, Qian'an, and Qianxi in Hebei were relatively stable; those in Chaoyang, Beipiao, and Jianping in western Liaoning dropped by 1-5 yuan/mt, and in east China by 1-5 yuan/mt. This week, mines and beneficiation plants mostly maintained normal production as planned, with overall resource supply remaining tight. On the demand side, steel mills and traders maintained purchasing as needed.

[Steel Billet Price Adjustment] On June 22, the ex-factory, tax-included price of common square billet in Tangshan Qian'an was lowered by 10 yuan/mt to 2,990 yuan/mt. (yuan/mt) [SMM Steel]

[China Iron Ore Brief] The domestic iron ore concentrates market slightly weakened this week, with regional performance diverging. Prices in Tangshan, Qian'an, and Qianxi in Hebei were basically stable; the Chaoyang, Beipiao, and Jianping areas in western Liaoning saw a slight decrease of 1-5 yuan/mt; while east China bucked the trend with an increase of 10-15 yuan/mt. Looking ahead to next week, according to SMM tracking, steel mill profits are expected to be under pressure again following the implementation of the seventh round of coke price increases.

[Domestic Iron Ore Brief] Over the past week, China's iron ore concentrates market prices edged up slightly. By region, prices in Tangshan, Qian'an, Qianxi, and other areas in Hebei were basically flat; those in Chaoyang, Beipiao, Jianping, and other areas in western Liaoning edged down by 1-5 yuan/mt, while east China saw a decline of 15-20 yuan/mt. Looking ahead, domestic iron ore concentrates supply is expected to remain tight, providing some support for domestic prices.

[Domestic Iron Ore Brief] Domestic iron ore concentrates prices edged down this week. Looking at regional performance, prices in Tangshan, Qian'an, Qianxi, etc., Hebei, were basically flat; Chaoyang, Beipiao, Jianping in western Liaoning edged down by 1-5 yuan/mt; east China also saw a decline of 10-15 yuan/mt.

[Steel Billet Price Adjustment] On June 1, Tangshan Qian'an plain square billet resources were raised by 10 ex-factory, tax included, quoted at 3,030. (yuan/mt) [SMM Steel]