Looking at the import profit table of SMM, the import ore profit has s

Published: Jan 4, 2024 10:34

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Looking at the import profit table of SMM, the import ore profit has slightly increased compared to the previous period, but most types of iron ore are still in a loss-making state; from a fundamental perspective, according to SMM tracking, the daily average iron production of sample steel mills is 2.1317 million tons, an increase of 21.2 thousand tons compared to the previous period. Coupled with stockpile support, the overall demand for iron ore is strong. Macroscopically, the net increase of PSL350 billion by the three major banks in December, coupled with the adjustment of Shanghai's residential provident fund loan policy, still tends to be warm. Taking everything into consideration, it is expected that there may be a possibility of repairing import ore profits.

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