The overseas mining industry has not shipped any iron ore during the season, with a total global iron ore shipment volume of 34.55 million tons in this period, an increase of 4.234 million tons compared to the previous period, reaching a new high since the beginning of this year. In addition, the total number of arrivals from China's 47 ports is 23.138 million tons, a decrease of 2.196 million tons compared to the previous period. It is expected that there will be a certain increase in subsequent arrivals, and the long-term supply growth trend remains unchanged.
Recently, many steel companies in Fujian, Sichuan, Henan and other regions have reported news of crude steel production control, and capital has taken advantage of the situation to make a harvest on the market. However, considering the surge in iron ore at the end of the season and the arrival of a peak in iron ore shipments, Cold Rolled Oriented Electrical Steel,Cold Drawn Spring Steel wire Superhard Stainless Steel Strip ,the subsequent arrival of iron ore in ports has brought greater pressure to already high port inventories. Iron ore inventories are at a high level in nearly four years, and cost support is weakening, which is bearish on the trend of steel prices.
