Imported Ore Profits Rise Slightly Amid Improved Steel Market Sentiment, but Growth Momentum Remains Limited

Publicado: Sep 13, 2024 09:33
According to the SMM imported ore cost-profit statement, the profit of imported ore increased slightly; yesterday, the demand data for rebar significantly improved, the inventory of the five major steel products decreased markedly, the terminal demand surged, and the overall market sentiment improved, driving a substantial increase in iron ore prices. In view of the recent small changes in steel mill profits and the slow resumption of blast furnaces, the driving force for the rise in ore prices is insufficient, and there is limited room for further increase. It is expected that the profit of imported ore will still have a slight upward trend in the short term.

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According to the SMM imported ore cost-profit statement, the profit of - Shanghai Metals Market (SMM)