Iron Ore Profits Slightly Decline as Pig Iron Output Falls Due to Furnace Maintenance

Publicado: Dec 18, 2024 10:03
According to the SMM imported ore cost-profit table, the profit margin of imported ore slightly declined. In Handan, Hebei, most blast furnaces at steel mills affected by environmental protection-driven production restrictions have resumed operations. However, as the year-end approaches, annual maintenance plans have increased. Based on SMM survey data on the impact from blast furnace maintenance, the impact on pig iron output this week was 1.8448 million mt, up 221,300 mt WoW. Next week, more blast furnaces are expected to undergo maintenance, with the estimated impact at 1.897 million mt, while the WoW increase is expected to narrow. The reduction in pig iron output has led to an overall decline in iron ore demand. In the short term, iron ore prices are expected to remain stable with a weak trend, and imported ore profits are likely to remain volatile.

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