SMM

Today, iron ore futures shifted from weak to strong. The most-traded I2505 contract ultimately closed at 818 yuan/mt, with a daily increase of 2.51%. Traders were actively selling, while steel mills exhibited heightened wait-and-see sentiment, with weaker purchase willingness. The market transaction atmosphere was average. Transaction prices rose by 5-10 yuan/mt compared to yesterday. This week's pig iron production is estimated to have slightly increased. Coupled with the gradual recovery of end-use demand, steel mill finished product orders performed well, boosting market sentiment and driving a slight rise in ferrous metals series prices. Moving forward, close attention should be paid to changes in industry data...