Imported ore profits slightly declined on June 6

According to the SMM imported ore cost and profit table, imported ore profits slightly declined. According to the SMM survey, on June 5, the operating rate of blast furnaces surveyed by SMM was 93.91%, up 0.3% WoW. The average daily pig iron output of the sample steel mills was 2.2821 million mt, up 4,500 mt WoW. The pig iron output continued to show an upward trend this period, but the increase was small. The overall demand for iron ore was moderate, providing some support for ore prices. However, the current market sentiment is weak, and it is expected that in the short term, ore prices will face upward pressure and downward support. It is anticipated that import ore profits will move rangebound.