Publicado: Mar 21, 2024 10:02
From the cost-profit table of imported ore in SMM, the profit of imported ore remains basically steady. According to research by SMM, on March 20th, the blast furnace operating rate was 89.45%, an increase of 0.3% from the previous period. The blast furnace capacity utilization rate was 90.38%, an increase of 0.50% from the previous period. The daily average iron production of sample steel mills was 2.16 million tons, an increase of 11,900 tons from the previous period. The increase in iron production has provided certain support for the demand for iron powder. It is understood that today's market rumors indicate that the governments of Shanxi and Shaanxi provinces have requested a full resumption of blast furnace production in April, leading to a short-term positive trend in the market. It is expected that the price of iron ore will fluctuate moderately on the stronger side in the near term, and there may be room for a rebound in the profit of imported ore.

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