Publicado: Mar 15, 2024 18:16
【SMM Iron Ore Weekly】Looking ahead to next week, some steel mills are scheduled to resume production after the end of high furnace maintenance, and iron production is expected to rebound. On the supply side, recent shipping has been stable without seasonal disruptions, but port inventories are still in a high state, higher than the same period last year, exerting some pressure on ore prices. Whether ore prices can stabilize later depends on the demand for steel. Considering that social financing data may be mediocre and the overall market sentiment for the black industry is quite pessimistic, it is unlikely that ore prices will rebound significantly in the short term. It is expected that next week, ore prices will continue to fluctuate weakly, with a focus on whether the increase in iron production can provide an opportunity for ore price rebound.

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【SMM Iron Ore Weekly】Looking ahead to next week, some steel mills are - Shanghai Metals Market (SMM)