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Odaily Planet Daily News According to market news, the Federal Reserve's Barkin said that it will take a "test and learn" approach to cope with rate cuts. (Golden Ten)

Profitability of steel mills temporarily turns negative, but steel mills can cope with losses by adjusting the ratio of scrap steel and medium to high-grade ore, and it is not necessary to reduce production. The pig iron production is expected to maintain a phased peak; if the demand for finished products deteriorates, steel mills may be forced to reduce production, leading to a further decline in the price of iron ore on the raw material side. The risk lies in the impact of the Fed's interest rate cut meeting on sentiment.

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