Hot Metal Output to Slump Next Week Amid Profit Woes and Winter Break in Northwest China

Published: Nov 14, 2025 14:07
Source: SMM
According to the SMM survey, as of November 12, the blast furnace operating rate of the 242 steel mills surveyed by SMM stood at 86.64%, up 0.24 percentage points WoW.

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
MMi Daily Iron Ore Report (April 1)
4 mins ago
MMi Daily Iron Ore Report (April 1)
Read More
MMi Daily Iron Ore Report (April 1)
MMi Daily Iron Ore Report (April 1)
The iron ore market showed a volatile pattern today, with prices fluctuating upward in the morning before retreating in the afternoon. The main contract I2605 closed at 812 yuan/ton, up 0.12% from the previous trading session.
4 mins ago
[SMM Hot Topic] A Full Breakdown of Rebar Cross-Product Price Spreads! Four Core Price Spreads to Understand the Underlying Logic of Profit Distribution Across the Industry Chain
26 mins ago
[SMM Hot Topic] A Full Breakdown of Rebar Cross-Product Price Spreads! Four Core Price Spreads to Understand the Underlying Logic of Profit Distribution Across the Industry Chain
Read More
[SMM Hot Topic] A Full Breakdown of Rebar Cross-Product Price Spreads! Four Core Price Spreads to Understand the Underlying Logic of Profit Distribution Across the Industry Chain
[SMM Hot Topic] A Full Breakdown of Rebar Cross-Product Price Spreads! Four Core Price Spreads to Understand the Underlying Logic of Profit Distribution Across the Industry Chain
Inter-product price spreads are a segment of the rebar spread system characterized by complex logic and abundant trading opportunities. Unlike the spot-futures price spread, which reflects the spot-futures structure, and calendar spreads, which reflect near- and far-term expectations, the core of inter-product price spreads lies in macroeconomic structural adjustment and profit distribution across the industry chain. From the perspective of the industry chain, inter-product price spreads for long steel products are mainly concentrated in the following four areas:
26 mins ago
Hot Metal Production Rebounded Steadily, Iron Ore Futures Closed Slightly Higher [SMM Iron Ore Daily Review]
49 mins ago
Hot Metal Production Rebounded Steadily, Iron Ore Futures Closed Slightly Higher [SMM Iron Ore Daily Review]
Read More
Hot Metal Production Rebounded Steadily, Iron Ore Futures Closed Slightly Higher [SMM Iron Ore Daily Review]
Hot Metal Production Rebounded Steadily, Iron Ore Futures Closed Slightly Higher [SMM Iron Ore Daily Review]
49 mins ago
Hot Metal Output to Slump Next Week Amid Profit Woes and Winter Break in Northwest China - Shanghai Metals Market (SMM)