According to the SMM imported ore profit statement, the profits of imp

Published: May 9, 2024 09:46

Save

According to the SMM imported ore profit statement, the profits of imported ore have fallen again. According to SMM research, on May 8th, the blast furnace operating rate in SMM statistics was 92.53%, up 0.4% from the previous month. The blast furnace capacity utilization rate was 93.95%, up 0.42% from the previous month. The daily average molten iron output of sample steel mills was 2.247 million tons, an increase of 10,700 tons from the previous month. With the continued recovery of molten iron output, the market is becoming more concerned about the oversupply of finished products, coupled with the high valuation of iron ore, prices have been adjusted recently. Pay attention to the demand for finished products and changes in inventory, and it is expected that the profits of imported ore still have a certain downward space.

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

43 mins ago

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

43 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