Telah Terbit: Aug 8, 2023 07:30
Summary of SMM Steel Morning Meeting: Iron Ore Supply Suppressed by News of Cut in Crude Steel Output. Shipments from Australia and Brazil both decreased. Total iron ore arrivals at Chinese ports were 20.9611 million tons, down 14.12% due to the influence of typhoon. However, demand side still has a small increase space with the end of some steel mill maintenance. Iron ore supply increment is lower than expected. But due to the suppression of news of cut in crude steel output, short-term ore prices may continue to run weakly and fluctuate.

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