According to the cost-profit statement of imported ores from SMM, the

Published: Jul 18, 2024 09:46

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According to the cost-profit statement of imported ores from SMM, the profits of imported ores have declined slightly. On July 17, the blast furnace operating rate reported by SMM was 94.16%, down 0.2% from the previous month. The blast furnace capacity utilization rate was 95.97%, down 0.41% from the previous month. The average daily molten iron output of sample steel mills was 2.2995 million tons, down 5,000 tons from the previous month. The demand for iron ore continued to weaken. In addition, the terminal data during the slack season fell again. Superimposed with the important meetings, no favorable policies were released, leading to pessimistic market sentiment. The price of iron ore fell sharply, and it is expected that the profits of imported ores will still have a slight decline.

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