[Brief Comment on China Iron Ore] Iron ore prices in the Shandong region are likely to consolidate

The domestic ore market in eastern Liaoning remained mostly stable, with supply and demand continuing to be cautious and wait-and-see. A major private mine in the area has still not resumed normal production due to an accident last month. Operating ore processing facilities are mainly producing in phases, leaving the market with a tight supply of good-quality resources and relatively firm prices, while traders note that steel mills have mostly not yet finalized new contracts.



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