[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]

[China Iron Ore Brief] Iron ore concentrates prices in China pulled back notably this week. By region, prices in Tangshan, Qian'an, and Qianxi in Hebei dropped 10-15 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning fell 5-10 yuan/mt; east China edged up 3-5 yuan/mt. Iron ore futures have been in the doldrums recently, suppressing local prices, and iron ore concentrates prices were generally in the doldrums this week. Looking ahead to next week, steel mill profits are expected to be under pressure, and steel mills are expected to have a strong desire to bargain down prices for iron ore concentrates.

[Domestic Iron Ore Brief] The domestic ore market in western Liaoning recently saw a slight increase driven by the persistently strong external market. The current ex-factory prices of iron ore concentrates with 66% grade on a wet basis and tax-exclusive rose by 5 yuan to 740-745 yuan/mt. Mines and beneficiation plants were affected by environmental protection and safety inspections, and overall iron ore concentrates resources remained tight. Asking prices were relatively firm. Steel mills and traders

[Steel Billet Price Adjustment] On May 11, Tangshan Qian'an plain square billet resources were raised by 20 ex-factory, tax included, quoted at 3,120. (yuan/mt) [SMM Steel]

[Domestic Iron Ore Brief] Domestic iron ore concentrates market prices were basically stable this week. In terms of regional performance, prices in Tangshan, Qian'an, and Qianxi in Hebei edged up by 5-10 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning were basically stable; prices in east China declined by 1-5 yuan/mt.