Iron Ore Imports Profit Declines Amid Falling Production and Prices

게시됨: Dec 19, 2024 09:55
According to the SMM imported ore cost-profit table, the profit of imported ore continued to decline. On December 18, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 85.47%, down 0.76 percentage points MoM. The capacity utilisation rate of blast furnaces was 87.01%, down 0.56 percentage points MoM. The daily pig iron production of the sample steel mills averaged 2.3476 million mt, down 15,000 mt MoM. In the short term, this situation is expected to persist, with pig iron production having room for a slight decline. Bearish sentiment in the market has intensified, and iron ore prices continue to fall. It is expected that the cost-profit of imported ore will remain weak in the short term.

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According to the SMM imported ore cost-profit table, the profit of imp - Shanghai Metals Market (SMM)