Iron Ore Imports Profit Up Slightly Amid Loose Supply, Steel Mills' Profit Pressures

게시됨: Aug 27, 2024 09:47
According to the SMM imported ore cost and profit statement, the profit of imported ore has increased slightly; the total global iron ore shipments by SMM reached 33.88 million tons, up 10.9% month-on-month. Among them, 17.9 million tons were shipped from Australia, up 5.1% month-on-month; 7.35 million tons were shipped from Brazil, up 4.3% month-on-month. At present, the overall supply is relatively loose. On the demand side, steel mill profits are still under pressure, and there are still a large number of blast furnace maintenance at steel mills, which may suppress iron ore prices. It is expected that iron ore prices may fluctuate in the short term, and the profit of imported ore is also expected to continue fluctuating in the near future.

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