SMM

[Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Shandong Region May Fluctuate at High Levels] This week, the ex-mine price of 64-grade alkaline iron ore concentrate (dry basis, tax excluded, acceptance) in the Shandong region was reported at 907 yuan, up by 5 yuan. Most mines and beneficiation plants in the area are operating normally. Driven by the price increase from Minmetals, steel mills have shown strong purchasing enthusiasm, resulting in almost no inventory accumulation at the mines. Currently, steel mills are still maintaining low inventory operations.