铁矿行业周度报告：本周铁矿需求保持较高水平，矿价环比上涨3.22%

Investment Rating - Investment rating for the iron ore industry is "Recommended" [4] Core Viewpoints - Iron ore demand remains high with a week-on-week price increase of 3.22% [3][4] - The supply of imported iron ore increased by 8.27% this week, while the arrival volume decreased by 6.6% [1][4] - Domestic iron ore production showed a slight increase of 0.1% week-on-week, maintaining an overall surplus in supply [1][4] Supply Summary - The total shipment of iron ore from Australia and Brazil reached 24.81 million tons, an increase of 1.896 million tons or 8.27% compared to the previous week [1][7] - The shipment volumes from major mining companies to China were as follows: Rio Tinto at 6.04 million tons (+19.41%), BHP at 5.368 million tons (+5.77%), Vale at 6.363 million tons (+1.21%), and FMG at 2.312 million tons (-18.82%) [1][7] - The total arrival volume of iron ore at Chinese ports was 22.126 million tons, down 6.6% week-on-week [1][7] Demand Summary - Daily average iron water production decreased slightly by 0.09% but remains higher than the same period in 2021 and 2022 [2][4] - The average daily consumption of imported iron ore was 2.9055 million tons, a decrease of 0.1% week-on-week [2][8] - The capacity utilization rate of blast furnaces was 88.4%, a slight decrease of 0.08 percentage points [2][8] Price and Profitability Summary - The average price index for iron ore (62% Fe: CFR: Qingdao Port) was $103.23 per ton, reflecting a week-on-week increase of $3.22 [3][8] - The profitability rate of steel companies decreased by 3.9 percentage points to 61.04% [3][8] - Despite the decrease in profitability, steel companies are expected to maintain a certain level of production due to ongoing profits [4]