SHANGHAI, Mar 7 (SMM) - In February, domestic iron ore prices fell first and then rose. The average price index of domestic ore added 9 yuan/mt. In the first half of the month, ferrous metals futures prices rebounded due to finished product inventory pressure suffered by steel mills, the lower-than-expected construction steel sales as well as the US Fed's rate hikes. The mills that bore losses intended to lower their purchase prices of iron ore.
In the second half of the month, iron ore prices bounced back. Profit margins and construction steel sales of steel mills improved. Besides, the mills expected the macro front to be favourable amid the approaching Two Sessions.
![[СММ Сталь]](https://imgqn.smm.cn/usercenter/GfiYT20251217171720.jpg)
![[СММ Сталь]](https://imgqn.smm.cn/usercenter/NtHAJ20251217171719.jpg)

