Publicado: Aug 11, 2023 18:04
【SMM Iron Ore Weekly】Looking ahead to next week, affected by the typhoon weather, the port congestion in Hebei is serious, although the arrival volume has increased, the estimated increase is not large. With the recent restart of steel mills' blast furnaces, the demand for iron ore has increased. Although some steel mills have reduced their inventory expectations due to the reduction of crude steel, the purchasing willingness is weak, but the overall demand for iron ore is still at a high level, providing strong support for ore prices. However, considering the impact of real estate and financial data, as well as the interference of crude steel reduction news, it is expected that the price of iron ore will be difficult to rise next week, continuing the volatile trend......

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