According to the import ore cost profit statement of SMM, the profit o

Published: May 27, 2024 09:52

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According to the import ore cost profit statement of SMM, the profit of imported ore has a slight decline. As of May 24th, the total inventory of 35 ports tracked by SMM is 144.4 million tons, which is 430,000 tons higher than the previous week and 20.02 million tons higher than the same period last year. The daily average port discharge of imported ore is 2.893 million tons, which is 84,000 tons lower than the previous week and 74,000 tons higher than the same period last year. The port inventory is still relatively high, which has a certain pressure on the rise of ore price. Taking into account the current loss of steel mills' profits, they have a strong willingness to pressure the ore price. It is expected that the iron ore price will continue to fluctuate in the near future, and the profit of imported ore will continue to fluctuate.

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