Iron ore futures slipped on Thursday as concerns over weak steel demand resurfaced.
Rising inventories of finished steel products, particularly long steel, at major Chinese stockists highlighted sluggish domestic consumption.
Analysts, however, expect a modest recovery this month, with the National Development and Reform Commission (NDRC) noting that September, traditionally a strong period for steel, could bring improved demand.
Weak margins at steel mills also led some investors to take profits, adding pressure on iron ore.
Meanwhile, coking coal and coke futures surged after a mine accident in Heilongjiang province raised supply concerns, with authorities likely to tighten inspections that could further restrict output.
On the Dalian Commodity Exchange, the most-traded January iron ore contract fell 0.81pct to 795.5 yuan (USD 111.6) per ton. Coking coal rose 2.33pct to 1,141.5 yuan (USD 160), while coke gained 1.81pct to 1,630 yuan (USD 229) per ton.
On the Shanghai Futures Exchange, rebar dropped 0.51pct to 3,092 yuan (USD 434), HRC slipped 0.03pct to 3,334 yuan (USD 468), wire rod edged up 0.37pct to 3,292 yuan (USD 462), and stainless steel dipped 0.35pct to 12,870 yuan (USD 1,807) per ton.
1 USD / 7.12 yuan
CHINESE STEEL FUTURES
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Date: 9/11/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,292 |
0.37 |
0.46 |
| HRC | 3,334 |
-0.03 |
-0.24 |
| Rebar | 3,092 |
-0.51 |
-0.55 |
| Stainless Steel | 12,870 |
-0.35 |
-0.35 |
| Iron Ore | 795.5 |
-0.81 |
-1.19 |
| Coke | 1,630 |
1.81 |
1.66 |
| Coking Coal | 1,141.5 |
2.33 |
2.15 |
