SMM

According to SMM's imported ore cost and profit table, the profit of imported ore was basically flat. Yesterday's industry data showed that the apparent demand for rebar performed well. The decline in inventory of the five major steel products expanded. The supply and demand in the industry remained healthy. In addition, the total inventory at SMM's ten main ports decreased by 2.18 million mt MoM. The demand for iron ore was strong, providing price support, and it is expected to hold up well in the short term. The profit of imported ore is expected to slightly increase.