Iron Ore Profit Margin Declines Slightly, But Production Growth Seen

Publicado: Jan 16, 2025 09:31
According to the SMM imported ore cost-profit table, the profit margin of imported ore slightly declined. Based on the SMM survey, as of January 15, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 85.14%, down 0.19 percentage points WoW. The daily average pig iron production of the sample steel mills was 2.3488 million mt, up 2,800 mt WoW. Additionally, SMM predicts that pig iron production still has room for growth in the next two weeks, based on steel mills' blast furnace maintenance and production resumption plans. Considering the relatively small inventory pressure on the industrial side and the rebound in steel mill profits, short-term support remains strong. It is expected that ore prices will continue to fluctuate upward this week, and the profit margin of imported ore may have some room for further increase.

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