Iron ore futures were flat on Wednesday as traders weighed reports of steel production cuts in China.
According to market sources, authorities ordered steel mills in Tangshan, a key steelmaking hub, to temporarily halt output ahead of a military parade in Beijing this September.
Analysts said the curbs are unlikely to significantly affect iron ore demand, as strong mill margins continue to support high production levels and restocking activity.
On the Dalian Commodity Exchange, the most-traded January iron ore contract closed unchanged at 795 yuan (USD 110.6) per ton. Coking coal fell 3pct to 1,245 yuan (USD 173) and coke dropped 2.83pct to 1,737 yuan (USD 242) per ton.
On the Shanghai Futures Exchange, rebar futures slipped 0.92pct to 3,222 yuan (USD 448) per ton, HRC fell 0.66pct to 3,451 yuan (USD 480), wire rod lost 0.6pct to 3,452 yuan (USD 480), and stainless steel declined 0.64pct to 13,130 yuan (USD 1,827) per ton.
1 USD / 7.18 yuan
CHINESE STEEL FUTURES
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Date: 8/13/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,452 |
-0.60 |
-1.01 |
| HRC | 3,451 |
-0.66 |
-0.96 |
| Rebar | 3,222 |
-0.92 |
-1.12 |
| Stainless Steel | 13,130 |
-0.64 |
-0.53 |
| Iron Ore | 795 |
0 |
-0.75 |
| Coke | 1,737 |
-2.83 |
-4.32 |
| Coking Coal | 1,245 |
-3.00 |
-5.46 |
