Iron Ore Import Profits Dip, Market Eyes Manufacturing Outlook Amid Futures Slump

Publicado: Sep 5, 2024 10:21
According to the SMM imported ore cost-profit table, the profits of imported ores have declined slightly; the ISM manufacturing PMI data released by the United States is lower than market expectations, further triggering concerns about the US manufacturing industry. Coupled with China's PMI data in August over the weekend, the prices of black metal futures fell sharply. From the fundamentals of iron ore, the number of blast furnaces resuming production has increased this week, and the blast furnace operating rate and molten iron output have rebounded slightly. Although the steel plant recovery is slow, it is expected that the molten iron output will increase significantly next week, which may provide some support for ore prices. It is predicted that the profits of imported ores may increase slightly.

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