According to the cost and profit statement of imported mines from SMM,

Published: Apr 24, 2024 09:28

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According to the cost and profit statement of imported mines from SMM, the profit margin of imported mines decreased slightly. Statistics from SMM show that the impact of blast furnace maintenance on molten iron this week (April 20th to April 26th) was 1.4839 million tons, a decrease of 193,200 tons compared with the previous week. The impact of blast furnace maintenance on molten iron in the next week (April 27th to May 3rd) will be 1.3555 million tons, a decrease of 128,400 tons compared with this week. The output of molten iron continues to rebound, driving up the demand for iron ore. However, the recent increase in rainy weather may have some impact on construction sites, leading to a decline in demand for building materials. Market sentiment has declined, pressuring the prices of finished steel products and iron ore. It is expected that the profit margin of imported mines will fluctuate in the near future.

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.

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