【SMM Steel Morning Meeting Summary: Iron Ore Continues to Perform Stro

Published: Aug 24, 2023 06:41

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【SMM Steel Morning Meeting Summary: Iron Ore Continues to Perform Strongly, Finished Steel Market Slightly Up】Iron ore continued its upward trend yesterday, with the main contract I2401 closing at 817, up 3.68% for the day. Traders were actively shipping out, and there were some demand for delivery at the end of the month. Steel mills were cautious in their purchases. The overall market atmosphere weakened yesterday. PB powder prices in Shandong and Tangshan were both at 899 yuan/ton, steady from the previous day.

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