Publicado: Mar 28, 2024 09:52
According to the SMM imported iron ore cost-profit table, the profit of imported ore continues to decline, with ultra-fine powder suffering the most severe losses, exceeding 100 yuan/ton. The willingness of traders to ship is poor, and the market transactions are sluggish. According to SMM research, on March 27, SMM statistics showed a blast furnace operating rate of 89.60%, up 0.15% month-on-month. Blast furnace capacity utilization rate was 90.57%, up 0.19% month-on-month. The average daily iron output of sample steel plants was 2.1646 million tons, up 0.46 million tons month-on-month. Based on SMM tracking data on blast furnace maintenance, some blast furnaces have plans to resume production next week, which may lead to a significant increase in iron output. Considering the recent rainy weather in many areas suppressing the demand for building materials, steel mills are facing slow shipments, leading to a weak purchasing enthusiasm for iron ore and a continuation of a weak and volatile trend in ore prices.

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