Source Gangtise Investment Research
Analysts said that the increase in domestic iron ore imports from January to April 2024 was approximately 27 million tons, a significant increase.playwsoponlineDomestic pig iron output fell by 3.7 million tons, down 1.1 million tons year-on-yearplaywsoponline.3%playwsoponlineDomestic iron ore consumption fell by about 6 million tons. From January to April 2024, the country's iron ore reserves will be approximately 28 million tons. The current domestic iron ore supply and demand pattern is relatively loose. From January to April 2024, global iron ore supply will increase by 37 million tons. It is estimated that global iron ore consumption will increase by approximately 30 million tons in 2024, and global iron ore supply will increase by approximately 69 million tons. When iron ore prices are close to US$120/ton, investors need to be cautious and bullish.