According to SMM's import ore cost profit, the import ore profit has s

Published: Mar 7, 2024 10:13

Save

According to SMM's import ore cost profit, the import ore profit has slightly declined; SMM's latest statistics show that the blast furnace operating rate is 89.45%, up 0.15% month-on-month. The blast furnace capacity utilization rate is 90.64%, down 0.1% month-on-month. The average daily pig iron production of sample steel mills is 2.1663 million tons, down 0.24 million tons month-on-month. This week, there are still blast furnace maintenance plans reported in Hebei, Liaoning, and Yunnan provinces. Apart from a few steel mills that are planned for maintenance, most steel mills mainly reduce production due to poor demand. It is difficult to increase pig iron production in the short term, which suppresses the rise in iron ore prices. However, positive macroeconomic news has been released again today, slightly improving market sentiment. As a result, short-term ore prices may experience a slight rebound, and import ore profits may also rebound slightly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

53 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

53 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago