SMM Iron Ore Weekly: Looking ahead to next week, according to SMM ship

Published: Oct 20, 2023 18:10

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SMM Iron Ore Weekly: Looking ahead to next week, according to SMM shipping data, there has been a significant increase in overseas shipments, or a small increase in the amount of arrivals. Port inventories may continue to accumulate slightly. However, the current iron ore output is still at a high level, and the demand for iron ore is still acceptable, which supports the price. Recently, coke has been discounted, but the rise in ore prices continues to squeeze steel mill profits, coupled with the end of the peak season of terminal demand, finished product prices are difficult to rise or make steel mills losses deepen, and there is still a risk of iron ore output decline....

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