[SMM Iron Ore] 23 June - Port inventory destocking continues, and the four major iron ore varieties show divergence

Published: Jul 23, 2026 18:08

Save

According to the SMM survey, on July 23, the total inventory across 10 ports tracked by SMM was 105.63 million mt, down 640,000 mt WoW. Concentrates and lumps saw slight destocking, while fines and pellet showed slight inventory buildup.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

First Production Blast for Mesabi Metallics in Minnesota’s Plant

Share Holman, GM of mining for Mesabi Metallics tells that first blast is going to be the first step of production as they are now moving from preparation to production step. From this blast, this plant was able to fracture about 211,000 metric tons of ore that can provide first ramp of 400-metric-ton. This will be the first ew iron ore mine and pellet plant built in Minnesota in 50 years & according to GM, the ore blasted will be processed into highest-quality DR-grade pellets.

1 hour ago

3 hours ago

(SMM Analysis) JSW Steel's Expansion Pipeline Gathers Pace as India Demand Offsets Import Pressures

JSW Steel expects production and sales to strengthen from Q2 FY27 as the expanded Blast Furnace-3 at Vijayanagar ramps up, while reaffirming an aggressive capacity expansion pipeline spanning Dolvi, Odisha, Utkal and Kadapa. Despite the planned BF-3 shutdown, the company reported record first-quarter steel sales of 6.25 million tonnes, supported by resilient domestic demand and a 46% year-on-year increase in exports.

3 hours ago

Jul 22, 2026 16:26

Itochu and BHP Greenlight Ministers North Iron Ore Mine

Itochu, BHP Group, and Mitsui have reached a final investment decision to construct the Ministers North iron ore deposit in Western Australia. The joint venture, owned 85% by BHP, 8% by Itochu, and 7% by Mitsui, targets an annual output capacity of 20 million tonnes. Production is scheduled to begin in the second half of 2028, utilizing existing infrastructure from the nearby Yandi mine to replace its depleting reserves.

Jul 22, 2026 16:26