Iron ore futures fell on Monday as expectations of steel production curbs and weak demand weighed on sentiment.
Iron ore futures risen earlier in the session, supported by strong Chinese steel output and healthy mill margins, but gains faded as concerns grew over rising inventories reflecting softer steel demand, partly due to seasonal rains.
Reports that Tangshan mills were ordered to halt steel output ahead of a military parade in Beijing this September further pressured the market. A weekly increase in portside iron ore stocks also added to bearish sentiment.
On the Dalian Commodity Exchange, the most-traded January iron ore contract fell 0.64pct to 772 yuan (USD 107.4) per ton. Coking coal dropped 1.56pct to 1,187.5 yuan (USD 165), while coke slid 2.94pct to 1,702 yuan (USD 237).
On the Shanghai Futures Exchange, rebar futures declined 0.88pct to 3,188 yuan (USD 444) per ton, HRC slipped 0.2pct to 3,419 yuan (USD 476), wire rod fell 1.26pct to 3,376 yuan (USD 470), and stainless steel eased 0.04pct to 13,010 yuan (USD 1,811) per ton.
1 USD / 7.18 yuan
CHINESE STEEL FUTURES
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Date: 8/18/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,376 |
-1.26 |
-1.04 |
| HRC | 3,419 |
-0.20 |
-0.58 |
| Rebar | 3,155 |
-0.88 |
-1.05 |
| Stainless Steel | 13,010 |
-0.04 |
0 |
| Iron Ore | 772 |
-0.64 |
-0.52 |
| Coke | 1,702 |
-1.56 |
-1.62 |
| Coking Coal | 1,187.5 |
-2.94 |
-3.58 |
