铁矿行业周度报告：铁矿到港量增长超过50%，日均铁水产量回升至230万吨/天以上

Investment Rating - Investment rating for the iron ore industry is "Recommended" [3] Core Views - The iron ore industry is experiencing a significant increase in port arrivals, with a growth rate exceeding 50% [1] - Daily average pig iron production has rebounded to over 230 million tons per day, indicating a recovery in steel production [1][3] - The supply of iron ore is increasing, but the demand growth is not keeping pace, leading to high port inventories [4] Supply Summary - Import iron ore supply from Australia and Brazil has shown a combined increase of 3.07%, with total shipments reaching 22.606 million tons [1][6] - The total iron ore arrival at Chinese ports reached 28.704 million tons, a 52.23% increase compared to the previous week [1][6] - Port inventories remain high, with a total of 151.05 million tons across 45 ports, a year-on-year increase of 36.8% [5][6] Demand Summary - Daily average iron ore consumption by steel mills is 2.8815 million tons, reflecting a 1.86% increase [7] - Daily average pig iron production has increased to 2.3308 million tons, marking a 2.22% rise and the sixth consecutive week of growth [3][7] - The capacity utilization rate of blast furnaces is at 87.51%, up by 1.9 percentage points [7] Price and Profitability Summary - The average iron ore price index (62% Fe: CFR: Qingdao Port) is $105.78 per ton, down by $2.32 or 2.15% from the previous week [7] - The profitability rate of steel companies has risen sharply to 71.43%, indicating improved operational efficiency [7]