According to the SMM imported ore cost table, the profit of imported o

Published: Feb 20, 2024 10:02

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According to the SMM imported ore cost table, the profit of imported ore has dropped significantly. According to SMM shipping data, the global iron ore shipping volume is 29.61 million tons, an increase of 9% month-on-month. Both Australia and Brazil have seen an increase in shipping volume. The amount of iron ore arriving at the port is 28.92 million tons. However, terminal demand is still in the off-season, steel plant blast furnace resumption is delayed, iron production is increasing slowly, and strong weak pressure is suppressing ore prices. But considering the post-holiday steel mills still have demand for restocking, coupled with the recent Australian hurricanes may affect market sentiment, it is expected that ore prices will fluctuate in the short term, and the profit of imported ore may remain volatile.

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