【SMM Steel Morning Meeting Summary: Iron Ore Prices May Fluctuate Wide

Published: May 13, 2024 07:36

Save

【SMM Steel Morning Meeting Summary: Iron Ore Prices May Fluctuate Widely】There was no futures market guidance on Saturday last week, and trader quoting enthusiasm was low; steel mills made fewer inquiries. Today, spot market transactions were sparse. The transaction price of PB powder in Shandong was 865-870 yuan/ton, which decreased by 0-5 yuan/ton compared with the previous price; the transaction price of PB powder in Tangshan was 890 yuan/ton, which decreased by 0-5 yuan/ton compared with the previous price.

Looking at this week, affected by Australian ports...

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

41 mins ago

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

41 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