Port Arrivals Increase & Port Pick-Up Volume Declines, Iron Ore Inventories at 35 Ports See Slight Increase

Published: Jan 3, 2025 17:46

Source: SMM

Save

As of January 3, according to SMM monitoring, the total iron ore inventory at 35 ports reached 145.22 million mt, up 240,000 mt WoW and up 25.92 million mt YoY.

As of January 3, according to SMM monitoring, the total iron ore inventory at 35 ports reached 145.22 million mt, up 240,000 mt WoW and up 25.92 million mt YoY. The daily average port pick-up volume of imported ore was 3.08 million mt, down 47,000 mt WoW but up 140,000 mt YoY. During this period, port arrivals increased slightly; demand side, pig iron production from steel mill blast furnaces declined, and the restocking pace was not evident, leading to a slight decrease in port pick-up volume. Overall, port inventory increased slightly this week. Looking ahead to next week, port arrivals are expected to increase slightly. As year-end approaches, steel mills may accelerate restocking, which could drive up port pick-up volume and lead to a destocking trend in port inventory.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

South Africa Launches Second Sunset Review on Steel Fasteners Safeguard Measures

[South Africa Initiated a Second Sunset Review Investigation of Safeguard Measures on Imported Threaded Fasteners of Iron or Steel] On March 6, 2026, the WTO Committee on Safeguards issued a safeguards notification submitted by the South African delegation. On February 27, 2026, the International Trade Administration Commission of South Africa (ITAC) published a notice and, upon an application filed by the South African industry association South African Fasteners Manufacturers Association (SAFMA), initiated a second sunset review investigation of safeguard measures on imported threaded fasteners of iron or steel.

1 hour ago

China's Crude Steel Production Was 160.34 Million mt in January-February

According to data from the National Bureau of Statistics (NBS), China's pig iron production from January to February 2026 was 137.7 million mt, down 2.7% YoY; crude steel production was 160.34 million mt, down 3.6% YoY; and steel product production was 221.19 million mt, down 1.1% YoY.

1 hour ago

China's Auto Production Dips 9.9% to 4.024M Units in Jan-Feb Period

[China’s Automobile Production Reached 4.024 Million Units, January-February] On March 16, the National Bureau of Statistics (NBS) released the latest data showing that, by sector, from January to February, the value added of 35 out of 41 major industrial categories increased YoY. Among them, automobile manufacturing was up 3.4% YoY. By product, from January to February, the production of 397 out of 626 products by industrial enterprises above designated size increased YoY. Among them, automobile production was 4.024 million units, down 9.9%, of which NEV production was 1.604 million units, down 13.7%.

1 hour ago