MMi Daily Iron Ore Report (March 16)

Published: Mar 16, 2023 18:27

Save

DCE iron ore futures declined by 2.8% today, the main contract closed at 902.The traders' willingness to ship is more.

》Click to download the PDF and view the whole report

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 mins ago

【SMM Steel】Iran's Mobarakeh, Sefid Dasht steel plants hit by strikes on Mar 31, suffer heavy damage

【SMM Steel】Mobarakeh Steel Co. said its facility sustained "another heavy attack" on Mar 31, the second since Feb 28. Affiliate Sefid Dasht Steel was also damaged. No precise production status was given. Sefid Dasht has 800,000 t/y capacity and supplies sponge iron to Mobarakeh. Before the attack, Iran expected the plants to resume operations soon.

15 mins ago

16 mins ago

[SMM Construction Steel Weekly Balance] Demand Growth Was Limited This Week, Total Inventory Continued to Decline Slowly

Demand Growth Was Limited This Week, Total Inventory Continued to Decline Slowly

16 mins ago

2 hours ago

【SMM Steel】British Steel moves toward full nationalization

【SMM Steel】British Steel is expected to be fully nationalized within weeks. The UK government took over operations from China's Jingye Group in April 2025 to prevent the Scunthorpe plant's closure. Steel has been designated a national security industry. The Scunthorpe plant has the UK's last two blast furnaces. Operating costs hit £377m by Jan 2026. British Steel supports nationalization for stability. Any new owner must invest heavily in EAF technology to replace blast furnaces.

2 hours ago