Iron ore futures remained range-bound on Wednesday as demand concerns weighed on sentiment.
Iron ore consumption was supported by Chinese steel mills boosting output after Tangshan lifted environmental curbs, along with restocking demand ahead of the October holidays. Expectations that the U.S. Federal Reserve will lower its key lending rate also lent some optimism to commodities, including iron ore.
However, rising shipments and weakening steel mill margins added to bearish pressures. Broader headwinds persist, including the ongoing property sector slump and growing protectionist measures targeting Chinese steel exports.
On the Dalian Commodity Exchange, the most-traded January iron ore contract slipped 0.12pct to 804.5 yuan (USD 113.2) per ton. Coking coal rose 0.37pct to 1,233 yuan (USD 174), while coke added 0.46pct to 1,734.5 yuan (USD 244).
On the Shanghai Futures Exchange, rebar edged up 0.06pct to 3,168 yuan (USD 446), while HRC fell 0.38pct to 3,390 yuan (USD 477). Wire rod eased 0.18pct to 3,300 yuan (USD 464), and stainless steel dropped 0.92pct to 12,935 yuan (USD 1,821) per ton.
1 USD / 7.1 yuan
CHINESE STEEL FUTURES
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Date: 9/17/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,300 |
-0.18 |
0.24 |
| HRC | 3,390 |
-0.38 |
-0.35 |
| Rebar | 3,168 |
0.06 |
0.06 |
| Stainless Steel | 12,935 |
-0.92 |
-0.27 |
| Iron Ore | 804.5 |
-0.12 |
0.12 |
| Coke | 1,734.5 |
0.46 |
-0.03 |
| Coking Coal | 1,233 |
0.37 |
-0.61 |
