Iron ore futures climbed on Monday as easing trade tensions between Washington and Beijing boosted market sentiment, though demand concerns continued to weigh on the outlook.
Iron ore futures gained after reports suggested U.S. and Chinese officials had agreed on a framework for a potential trade deal to be discussed at the upcoming leaders’ meeting, raising hopes of avoiding an escalation in the trade dispute between the world’s two largest economies.
However, the outlook for iron ore remains cautious amid new environmental restrictions in China’s key steelmaking hub of Tangshan, which could curb steel output and reduce iron ore consumption, though the measures provided some support to steel futures.
At the same time, rising coke prices and weak finished steel demand have eroded Chinese steelmakers’ margins, potentially prompting production cuts that would further limit iron ore demand.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 1.94pct to 786.5 yuan (USD 110.5) per ton. Coking coal gained 0.96pct to 1,263.5 yuan (USD 178), and coke increased 0.79pct to 1,779.5 yuan (USD 250) per ton.
On the Shanghai Futures Exchange, rebar futures rose 1.54pct to 3,100 yuan (USD 436) per ton, HRC gained 1.45pct to 3,299 yuan (USD 464), wire rod slipped 0.27pct to 3,333 yuan (USD 469), while stainless steel inched up to 12,815 yuan (USD 1,802) per ton.
1 USD / 7.11 yuan
CHINESE STEEL FUTURES
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Date: 10/27/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,333 |
-0.27 |
-0.30 |
| HRC | 3,299 |
1.45 |
1.49 |
| Rebar | 3,100 |
1.54 |
1.74 |
| Stainless Steel | 12,815 |
0.08 |
0.04 |
| Iron Ore | 786.5 |
1.94 |
1.97 |
| Coke | 1,779.5 |
0.79 |
1.24 |
| Coking Coal | 1,263.5 |
0.96 |
1.19 |
