According to SMM's import ore cost profit statement, the profit of imp

Published: May 31, 2024 09:49

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According to SMM's import ore cost profit statement, the profit of imported ore has decreased slightly. The sharp decline in the market yesterday was mainly affected by the policy of crude steel production control, coupled with a significant drop in the demand for finished products today, and the risk of inventory accumulation has increased, leading to a decline in market sentiment. In addition, according to the data of the ten major ports tracked by SMM on the inventory of iron ore in different varieties, the total inventory continued to accumulate, which also suppressed the price of iron ore. Therefore, in the short term, the ore price is under pressure and shows a weak volatile trend, and the profit of imported ore may still decline.

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