SMM

Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in Shandong Region May Fluctuate with a Stable and Weak Trend This week, the price of 64-grade alkaline iron ore concentrates (dry basis, excluding tax) in the Shandong region increased by 13 yuan, now at 902 yuan/mt. Most mines and beneficiation plants are operating normally, with supply returning to pre-holiday levels and no inventory accumulation. Steel mills are actively purchasing, with inventories generally maintained at 4-7 days, and long-term contract purchases remain relatively stable.