[SMM Steel Morning Meeting Summary: Production of Molten Iron Continue

Published: Apr 26, 2024 07:02

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[SMM Steel Morning Meeting Summary: Production of Molten Iron Continues to Increase, Cost Support Spurs Steel Prices to Rise] According to the inventory data of iron ore varieties tracked by SMM in ten major ports, the port inventory remains at a cumulative state this week; specifically, inventories of coarse powder, fine powder, and lump ore are increasing, while pellet inventory is slightly decreasing. The supply and demand situation of iron ore remains unchanged with minimal impact. However, according to today's building materials data, despite the increase in supply, there is still a significant decrease in inventory, which boosts market confidence...

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