iconDec 18, 2023 10:45
Source:SMM
According to the SMM import profit table, the import ore profit remained relatively stable compared to the price on last Friday, and the profits of multiple types of iron powder are still in a loss state. From a fundamental perspective, with the implementation of the third round of coke price increases and the weakening of steel prices, steel mills have a weak willingness to purchase iron powder at high prices, mainly focusing on purchasing as needed. Additionally, recent environmental production restrictions have been relatively frequent, with the risk of blast furnace maintenance or exceeding expectations, leading to a decrease in demand for iron powder. It is expected that in the short term, the price of ore may weaken, with a certain risk of weakening in import ore profits in the near future.

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