Telah Terbit: Jul 19, 2024 09:37
According to SMM's cost-profit statement for imported ore, the profit margin of imported ore has increased slightly. There was a divergence in the inventory data of steel coils and steel rods this week. The total inventory of hot-rolled coils continued to increase, but the growth rate slightly decelerated. However, due to the impact of the new national standard, the inventory of building materials has been decreasing faster. Additionally, after the price of iron ore fell, steel mills increased their procurement of necessary materials, providing some support for ore prices. However, considering that there were no over-expected favorable policies introduced during the important meeting, expectations were not met. Coupled with the fact that the industry is in a slack season, it is expected that iron ore prices may continue to fluctuate at a low level, and the profit margin of imported ore may still see a slight decline.

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