Telah Terbit: Feb 1, 2024 09:41
Regarding the import ore profit of SMM, the import ore profit is still intensifying; the blast furnace operating rate tracked by SMM remained stable this week, and the pig iron production increased by 0.38 million tons/day compared to the previous week. However, as the year end approaches, most steel mills' restocking has ended, and only a few steel mills near the ports still have a small demand for restocking, which weakens the support for iron ore prices. Along with the exhaustion of short-term macroeconomic favorable factors, market sentiment has deteriorated, causing iron ore prices to fluctuate downward. Considering the future increase in pig iron production and the off-peak season for overseas shipments, there is still some support for ore prices. It is expected that the iron ore prices will face a dilemma, and import ore profits will continue to fluctuate.

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