Iron Ore Imports Profits Decline Amid Sluggish Market Trends

Published: Jan 24, 2025 10:09

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According to the SMM imported ore cost-profit table, imported ore profits slightly declined. Yesterday, industrial data showed that the apparent demand for rebar and HRC both pulled back, while total inventory saw an expanded increase. Overall performance was average, exerting a certain impact on the price trends of ferrous products. However, from the perspective of iron ore's fundamentals, fluctuations were relatively small, maintaining a pattern of fluctuating upward. In the short term, spot trading is nearing its end, and market transactions are becoming increasingly sluggish, with futures market movements primarily fluctuating rangebound. It is expected that in the short term, imported ore profits may continue to fluctuate.

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