Publicado: Apr 2, 2024 17:49
【SMM Analysis: Iron Ore Prices Fell Significantly in March, Can They Reverse in April?】Iron ore prices continued to decline in March. End demand recovery is slow, finished products are difficult to ship, and inventories continue to accumulate. Combined with the decline in finished product prices, steel mills' profits have narrowed, leading to an increase in maintenance. Iron production fluctuates, with negative feedback suppressing iron ore demand. As a result, iron ore prices fell significantly by over 100 yuan/ton in March. Moving into April, based on SMM's statistics on blast furnace maintenance, the planned number of maintenance blast furnaces in April is significantly lower than the number of blast furnaces that will resume production. It is expected that the overall iron water affected volume in April will be 6.7094 million tons, a decrease of 1.8839 million tons compared to the previous month...

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【SMM Analysis: Iron Ore Prices Fell Significantly in March, Can They R - Shanghai Metals Market (SMM)