According to the cost-profit table of imported ore from SMM, the profi

Published: Apr 19, 2024 09:57

Save

According to the cost-profit table of imported ore from SMM, the profit of imported ore has risen again. According to SMM research, on April 17th, the blast furnace operating rate surveyed by SMM was 90.94%, up 0.59% compared to the previous period. The blast furnace capacity utilization rate was 91.95%, up 0.61% compared to the previous period. The average daily pig iron production volume of sample steel mills was 2.1979 million tons, an increase of 14.6 thousand tons compared to the previous period. It is estimated that there will be more incremental increases next week. The increase in pig iron production volume is accelerating. In addition, it was reported today that the preliminary screening of special bond projects has been completed, and various regions have also been preparing for projects in advance. This has boosted market sentiment and led to a significant increase in iron ore prices. In the short term, there may be continued strong and fluctuating operations, and there may still be room for profit increases in imported ore.

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

42 mins ago

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

42 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