Imported Ore Profit Slightly Up, Iron Ore Demand Weakens Amid Steel Mill Adjustments

Publicado: Nov 21, 2024 09:34
According to the SMM imported ore cost-profit table, the profit of imported ore slightly increased; the interest rates announced by the central bank yesterday remained unchanged, falling short of market expectations. Fundamentally, due to the winter break of steel mills in Xinjiang and annual inspections at some steel mills, the number of blast furnace overhauls increased, leading to a significant decrease of 32,000 mt in daily pig iron production as per SMM's statistics this week. The demand for iron ore weakened. The resistance to ore price increases intensified, and the profit of imported ore is expected to fluctuate in the near term.

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According to the SMM imported ore cost-profit table, the profit of imp - Shanghai Metals Market (SMM)