Iron Ore Imports Profit Slightly Down, But Steel Mills' Output Rises, Supporting Short-term Price Uptrend

Publicado: Jan 23, 2025 09:35
According to the SMM imported ore cost-profit table, the profit of imported ore slightly declined. Based on the SMM survey, as of January 22, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 85.60%, up 0.46 percentage points MoM. The capacity utilisation rate of blast furnaces was 87.85%, up 0.87 percentage points MoM. The daily pig iron production of the sample steel mills averaged 2.3641 million mt, up 15,300 mt MoM. Currently, pig iron production at steel mills continues to rise, providing some support for the demand for iron ore concentrates. It is expected that iron ore prices may fluctuate upward in the short term, and the profit of imported ore is likely to have some room for further increase in the near term.

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