Imported Ore Profit Margins Decline Amid Trade War Concerns

Published: Feb 14, 2025 11:01

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According to the SMM imported ore cost-profit table, the profit margin of imported ore slightly declined. Yesterday, the Indian Steel Minister announced that India might impose a provisional tax of 15% to 25% on Chinese steel within six months at the earliest. This has heightened market concerns about the impact of a global trade war on steel exports, leading to a weakening in the prices of various ferrous products. Considering that the short-term fundamental imbalance on the industrial side is relatively small, the negative feedback drive is weak. Coupled with disruptions on the supply side, the downward resistance for short-term ore prices is significant. It is expected that the profit margin of imported ore will exhibit a fluctuating trend in the short term.

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