In terms of profit from imported minerals, the losses of various types

Published: Jan 18, 2024 10:47

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In terms of profit from imported minerals, the losses of various types of imported ores have intensified. From a fundamental perspective, according to SMM's research, the blast furnace operating rate of domestic steel mills is 88.11%, which is basically stable compared to the previous period; the blast furnace capacity utilization rate is 89.11%, an increase of 0.3% compared to the previous period. The average daily pig iron production of sample steel mills is 2.1319 million tons, an increase of 72,000 tons compared to the previous period. Although the impact of blast furnace maintenance on the quantity has decreased this week, guided by macroeconomic sentiment, the overall spot market trading is weak and iron ore prices are expected to continue to fluctuate weakly in the short term. It is expected that there is still some downward space for profit from imported minerals.

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