According to the SMM cost-profit analysis, the profit of imported mine

Published: Feb 29, 2024 09:59

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According to the SMM cost-profit analysis, the profit of imported minerals has slightly decreased. The blast furnace operating rate, as calculated by SMM, is 89.3%, an increase of 0.6% compared to the previous period. The blast furnace capacity utilization rate is 90.74%, a rise of 0.54% compared to the previous period. The daily average pig iron production of sample steel mills is 2.1687 million tons, an increase of 12,800 tons compared to the previous period. The demand for iron ore has bottomed out and is expected to continue to rise in the next three weeks. In the short term, it may provide support for the ore price, but in the medium to long term, attention should still be paid to downstream demand for finished products. It is expected that the profit of imported minerals will be mainly volatile in the short term.

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