Iron Ore Import Cost and Profit Statement on April 25, 2025

According to SMM's imported ore cost and profit table, the profit of imported ore slightly declined. The ongoing U.S.-China trade war has led to a cooling of market sentiment. Additionally, today's industry data showed mediocre performance. Although the inventory of the five major steel products continued destocking, the apparent demand for rebar and wire rod declined. Downstream demand is gradually shifting from the peak season to the off-season. Fortunately, pig iron production remains high, and with the approach of the May Day holiday, steel mills have started restocking, providing support for iron ore prices. Before the holiday, the market is expected to hold up well, and it is anticipated that the profit of imported ore may still have some room to rise next week.