Import Ore Profits Edge Up Amid Macroeconomic Boosts and Steel Demand Optimism

Publicado: Aug 28, 2024 10:09
According to the SMM import ore cost and profit statement, import ore profits have risen slightly. There have been many macroeconomic news recently. On the one hand, the issuance speed of special bonds has increased. On the other hand, as we approach September, the expectations for interest rate cuts by the Federal Reserve have strengthened. Market sentiment has improved. Coupled with steel exports remaining at a high level, prices of various ferrous metal products have rebounded. Considering that there are still expectations for marginal improvement in steel demand, it is expected that iron ore prices will be dominated by a strong and volatile trend, and it is anticipated that import ore profits will still have room for slight growth.

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According to the SMM import ore cost and profit statement, import ore - Shanghai Metals Market (SMM)