Iron Ore Market Outlook: Global Shipments to Rebound Amid Slowing Production Recovery and Intense Bull-Bear Battle

Publicado: Oct 18, 2024 18:17
[SMM Weekly Iron Ore Report] Looking ahead to next week, global shipments are expected to rebound slightly after a short-term decline. On the demand side, due to the rapid rise in coke prices recently, steel mill profits have been compressed, leading to a reduction in the number of blast furnaces resuming production, and it is expected that the increase in molten iron will slow down. Although it is still in the peak season of industry demand, the macroeconomic stimulus has ended in the short term, and market optimism has declined. It is expected that the battle between bulls and bears in the iron ore market next week will remain intense, showing wide fluctuations...

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