Domestic iron ore concentrate prices poised for upside fluctuations In March

In February, China's domestic iron ore concentrate prices continued their downward trend from the previous three months. Before the CNY holiday, the main pressure on prices came from weaker demand, as mining, logistics, and steel mill procurement all slowed, reducing market activity.

After the holiday, prices stabilized overall, though the Northeast saw a slight dip. This was mainly due to steel mills in Liaoning and surrounding areas pushing for lower prices in raw material purchases. Despite mining companies' efforts to support prices amid cost pressures, they were forced to lower them