The average imported iron ore margin narrowed from 6.22 yuan/mt to 4.02 yuan/mt this period, mainly dragged down by falling spot prices. SMM survey data showed China’s blast furnace operating rate at 89.08%, down 0.48 percentage point week-on-week, while average daily pig iron output slipped by 5,200 mt to 2.4028 million mt. Mills that have ...
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