Domestic iron ore concentrate prices saw milder decline amid tightened supply tightness

Source: Mysteel Jul 07, 2025 14:38

China’s domestic iron ore concentrate prices have declined less sharply than imported iron ore in July, mainly due to weaker demand and weak sentiment in the steel market.

While major mining regions continued normal production, many suppliers lowered their base prices to stimulate sales and reduce on-site inventory. Steel mills, grappling with poor finished steel demand and tightening profit margins, leaned on existing stockpiles rather than fresh procurement. Traders increased sales due to a bearish outlook, placing additional

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