According to the import ore cost profit table from SMM, the profit fro

Published: Apr 11, 2024 09:50

Save

According to the import ore cost profit table from SMM, the profit from imported ore remains stable; According to SMM research, on April 10th, the blast furnace operating rate calculated by SMM was 90.35%, an increase of 0.3% compared to the previous period. The blast furnace capacity utilization rate was 91.34%, an increase of 0.17% compared to the previous period. The daily average iron production of sample steel mills was 2.1833 million tons, an increase of 0.42 million tons, showing a trend of increase in iron production. The current market sentiment is bullish, but considering that the improvement in end-demand is not significant, steel inventory pressure remains high. It is expected that the price of iron ore may show a fluctuating trend in the near term, and the profit from imported ore is expected to remain in a fluctuating situation.

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

5 hours ago

MMi Daily Iron Ore Report (September 2)

Iron ore futures traded softer today. The DCE most-active contract I2701 settled at RMB 714.0/mt, down 1.11% from the previous trading day.

5 hours ago

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

5 hours ago

7 hours 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.

7 hours ago