Iron ore futures slipped on Thursday as uncertainty over demand persisted. While restocking by Chinese steel mills ahead of the October holidays and expectations of stronger steel demand provided some support, concerns over slowing consumption weighed on sentiment.
Rising iron ore inventories at major Chinese ports and mills added pressure, while market rumors suggested possible output curbs in Tangshan to improve air quality, though no official confirmation has been issued.
A Chinese steel trader described the physical market as stagnant, with high finished steel inventories and weak sales both domestically and abroad limiting upside potential.
On the Dalian Commodity Exchange, the most-traded January iron ore contract edged down 0.12pct to 800 yuan (USD 112.5) per ton. Coking coal fell 2.11pct to 1,203.5 yuan (USD 169), while coke dropped 1.1pct to 1,709 yuan (USD 240).
On the Shanghai Futures Exchange, rebar declined 0.25pct to 3,147 yuan (USD 443), HRC slipped 0.89pct to 3,354 yuan (USD 472), wire rod eased 0.09pct to 3,285 yuan (USD 462), and stainless steel fell 0.46pct to 12,875 yuan (USD 1,811) per ton.
1 USD / 7.1 yuan
CHINESE STEEL FUTURES
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Date: 9/18/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,285 |
-0.09 |
-0.46 |
| HRC | 3,354 |
-0.89 |
-1.07 |
| Rebar | 3,147 |
-0.25 |
-0.67 |
| Stainless Steel | 12,875 |
-0.46 |
-0.47 |
| Iron Ore | 800 |
-0.12 |
-0.56 |
| Coke | 1,709 |
-1.10 |
-1.40 |
| Coking Coal | 1,203.5 |
-2.11 |
-2.45 |
