**Iron Ore Market Outlook: Global Shipments to Rebound, Pig Iron Production Declines**

**SMM Iron Ore Weekly Report**

Looking ahead to next week, Brazil's shipments are unlikely to see a significant increase. However, Australia and non-mainstream sources may experience noticeable growth, and global shipments are expected to rebound next week. On the demand side, due to the prolonged duration of environmental protection-driven production restrictions, pig iron production is expected to continue its slight downward trend. From a macro perspective, this week's meetings were positive, and the optimistic market sentiment is expected to continue. Focus on the performance of industrial data. Iron ore prices are expected to fluctuate at high levels next week...