According to SMM, local mine owners in Shandong market led the ore pow

Published: Oct 17, 2023 11:50

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According to SMM, local mine owners in Shandong market led the ore powder to decrease by 22 yuan/ton this week. Now, Luzhong 64 grade alkali powder dry base ex-mine acceptance is 969 yuan/ton without tax. Luzhong mine in Laiwu has resumed production, which slightly alleviates the tight resource situation. Recently, due to the sluggish sales of steel, the losses of steel mills have been aggravated, and iron powder is purchased on demand, which is difficult to release obviously. Steel mills in Hebei mainly take goods by long-term contracts and mainly execute previous orders. The trading space of traders is narrowed, and most of them turn to wait-and-see. The market turnover is not active. Generally speaking, both supply and demand are weak. Considering the impact of imported ore, Shandong market may present a volatile situation this week.【SMM Iron Ore】

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