Iron Ore Market Outlook: Prices Expected to Remain Pressured with Seasonal Low Shipments and Capacity Replacement Uncertainty

Publicado: Aug 23, 2024 18:09
[SMM Weekly Iron Ore Report] Looking ahead to next week, the global iron ore shipments are expected to remain at seasonal lows, and the arrival volume will also fluctuate within a narrow range. On the demand side, although there are not many newly-added blast furnace maintenance plans, some blast furnaces that were scheduled to resume production may be postponed, making it difficult for molten iron output to rebound significantly. Although the steel demand may see some marginal improvement as the peak season approaches, the news of the suspension of capacity replacement will still disrupt market sentiment. On the whole, iron ore prices are expected to continue to be under pressure and maintain a volatile trend next week...

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[SMM Weekly Iron Ore Report] Looking ahead to next week, the global ir - Shanghai Metals Market (SMM)