Imported Ore Profits Dip as Blast Furnace Activity Slows; Eye on Rebound Prospects

Publicado: Aug 29, 2024 09:36
According to the SMM imported ore cost-profit statement, the profits of imported ore have declined slightly; on August 28th, the blast furnace operating rate of 242 steel plants surveyed by SMM was 88.23%, a decrease of 0.56% from the previous month. The blast furnace capacity utilization rate was 89.55%, a decrease of 1.03% from the previous month. The average daily output of molten iron from sample steel plants was 2.406 million tons, a decrease of 15,000 tons from the previous month. Judging from the current blast furnace maintenance and resumption plans, molten iron may hit the bottom and rebound next week. In anticipation of the resumption of production, the ore price may remain strong in the short term. In the later stage, attention should be paid to the situation of terminal demand, and it is expected that the profits of imported ore may have some room for upward exploration in the near future.

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According to the SMM imported ore cost-profit statement, the profits o - Shanghai Metals Market (SMM)