Imported Ore Profits Flat, But Prices Expected to Rise Short-Term

Publicado: Dec 5, 2024 09:27
According to the SMM imported ore cost-profit table, imported ore profits are basically flat. According to the SMM survey, on December 4, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.94%, down 0.22% MoM. The daily average pig iron production of the sample steel mills was 2.4101 million mt, up 10,100 mt MoM. In the short term, steel mill profits have slightly improved, providing some support for ore prices. Coupled with the market's positive expectations for upcoming major meetings, ore prices are expected to have room for further upward movement in the short term, and imported ore profits are also expected to have room for further upward movement in the short term.

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