Publicado: Jul 23, 2024 09:45
According to the cost-profit statement of imported ore by SMM, the profit margin of imported ore has fallen slightly. SMM shipping data shows that the total shipment volume of global iron ore has reached 30.55 million tons, representing a 9.1% increase on a month-on-month basis. Among them, the shipment volume of non-mainstream mines has increased significantly. The overall shipment growth of Australia and Brazil was relatively small. In addition, due to the high shipment volume in the early stage, the volume of iron ore arrivals this week continued to increase slightly by 2.75%, reaching 27.45 million tons. After a phased decline, the supply volume has rebounded to a seasonal high, putting pressure on iron ore prices. Considering that the current steel mill profits can still be maintained and the reduction in pig iron output is not obvious, it provides support for iron ore prices. It is expected that iron ore prices will continue to fluctuate at a low level in the short term, and the profit margin of imported ore may decline slightly.

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