SMM Weekly Iron Ore Outlook: Shipments Stay Low, Prices Likely to Remain Under Pressure

Publicado: Aug 30, 2024 18:12
[SMM Weekly Iron Ore Report] Looking ahead to next week, it is expected that global iron ore shipments will remain at seasonal lows, and port arrivals will also fluctuate within a narrow range. On the demand side, although there are not many newly-added blast furnace maintenance plans, some blast furnaces that were scheduled to resume production may be delayed. It is expected that crude steel production will not rebound significantly. Although steel demand may improve marginally as the peak season approaches, news of production capacity replacement suspension will still disrupt market sentiment. Overall, iron ore prices are expected to continue to come under pressure next week, maintaining a fluctuating trend...

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