Telah Terbit: Oct 14, 2023 10:44
According to SMM, the overall market in Shandong is stable with a downward expectation. It is understood that the mining areas in Laiwu mainly consist of Luzhong and Laiwu Mining, which have passed the acceptance and resumed production, slightly relieving the tight situation of iron powder. Due to the recent sluggish sales of steel and the increase of coke, the profits of steel mills are still squeezed, mainly purchasing on demand. Under this situation, some steel mills in Hebei mainly purchase on long-term contracts, and almost no new orders are concluded. From the pricing point of view, the average price index of foreign mines this week has decreased compared with last week, and it is expected that the local mine price will have a certain downward space next week.【SMM Iron Ore】

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