铁矿石周度数据（20260313）-20260313

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The supply - demand pattern of iron ore has not changed significantly. Steel mill production is restricted, and the terminal consumption of ore has been continuously declining. The daily average hot metal production and imported ore consumption of sample steel mills dropped significantly this week due to environmental protection restrictions during the Two Sessions. Although it will gradually recover later, the improvement in ore demand is limited due to the poor profitability of steel mills. Meanwhile, the arrival volume of iron ore at domestic ports has increased, while the overseas miners' shipments have declined from the high level and the sustainability is weak. According to the shipping schedule, the subsequent arrivals will be stable, and the domestic ore supply continues to recover, so the ore supply is increasing steadily. Overall, supported by the rising transportation cost and the liquidity problem caused by the restricted BHP varieties, the iron ore price has been strong recently. However, under the situation of stable supply and weak demand, the fundamentals of the iron ore market are weakly stable, and the upward driving force needs to be tracked. The subsequent trend is cautiously optimistic, and the performance of steel prices should be monitored [2] 3. Summary According to the Directory Inventory - 45 - port iron ore inventory is 17,187.52, with a week - on - week increase of 69.66, a monthly increase of 95.56 compared to the end of last month, and a year - on - year increase of 1,847.98 compared to the same period (lunar calendar). The inventory of imported ore in 247 steel mills is 8,929.10, with a week - on - week decrease of 82.47, a monthly decrease of 156.00 compared to the end of last month, and a year - on - year decrease of 241.60 compared to the same period (lunar calendar) [1] Supply - The arrival volume of iron ore at 45 domestic ports is 2,609.90, with a week - on - week increase of 463.00, a monthly increase of 457.50 compared to last month, and a year - on - year increase of 379.00 compared to the same period (lunar calendar). The global iron ore shipping volume is 2,897.80, with a week - on - week decrease of 442.94, a monthly decrease of 423.10 compared to last month, and a year - on - year increase of 1,209.60 compared to the same period (lunar calendar) [1] Demand - The daily average hot metal production of 247 steel mills is 221.20, with a week - on - week decrease of 6.39, a monthly decrease of 12.08 compared to last month, and a year - on - year decrease of 6.31 compared to the same period (lunar calendar). The 45 - port daily average ore - clearing volume is 317.90, with a week - on - week increase of 6.82, a monthly increase of 19.42 compared to last month, and a year - on - year increase of 20.24 compared to the same period (lunar calendar). The daily consumption of imported ore in 247 steel mills is 271.95, with a week - on - week decrease of 8.90, a monthly decrease of 16.76 compared to last month, and a year - on - year decrease of 11.22 compared to the same period (lunar calendar). The weekly average of iron ore transactions at main ports is 84.20, with a week - on - week increase of 3.64, a monthly increase of 27.30 compared to last month, and a year - on - year increase of 0.86 compared to the same period (lunar calendar) [1]