SMM Weekly Iron Ore Report: Global Shipments to Rise Slightly, Prices May Fluctuate Low on Weak Demand

게시됨: Aug 16, 2024 18:08
[SMM Weekly Iron Ore Report] Looking ahead to next week, it is expected that the global iron ore shipments may increase slightly. There is still room for growth in port arrivals, but the magnitude will not be large. This week, the price decline of raw materials exceeded that of steel products, and steel mill profits have recovered. It is estimated that the number of blast furnace overhauls will not further increase; in addition, some blast furnaces undergoing short-term overhaul may resume production, and the output of blast furnace hot metal may rebound slightly, providing support for iron ore prices. However, given that the recent terminal demand remains weak, with no signs of improvement, it is expected that iron ore prices will fluctuate at a low level next week...

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[SMM Weekly Iron Ore Report] Looking ahead to next week, it is expecte - Shanghai Metals Market (SMM)