Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-Season

Published: Jun 5, 2023 18:02

Source: SMM

Save

SHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps.

SHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps. The continued decline in port inventory of lumps also buoyed its premiums. Coke prices may still have room to fall this week even as they are already at a three-year low, which will support the demand for lumps in the off-season and slightly boost its premiums.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income

According to POSCO’s Q1 2026 earnings call, the company has introduced its third interim shareholder return policy and shifted from a free-cash-flow-based approach to a more earnings-linked framework. The new policy targets a shareholder return ratio of 35%-40% of adjusted net profit attributable to controlling interests, to be delivered through a mix of cash dividends and share buybacks or cancellations. POSCO said the change is intended to improve payout visibility while balancing growth investment and shareholder returns.

2 hours ago

[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins

According to POSCO’s Q1 2026 earnings call, the ongoing US-Iran conflict has pushed up FX, oil, LNG, and logistics costs, creating clear pressure on steel margins. The company said that although sales volumes, production, and utilization rates recovered sequentially, raw material sourcing costs remain elevated due to disruptions linked to the Middle East situation, and this cost pressure is expected to continue into the second quarter.

2 hours ago

6 hours ago

[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May

6 hours ago