Iron ore futures closed nearly flat on Friday, with firm near-term demand tempered by sluggish steel consumption.
Market sentiment was supported by expectations of resumed steel production after environmental curbs were lifted on Tangshan-based mills, along with optimism that Chinese producers may restock iron ore ahead of the October holiday.
However, rising inventories of finished steel at warehouses and higher iron ore stockpiles at ports kept the outlook bearish.
On the Dalian Commodity Exchange, the most-traded January iron ore contract slipped 0.06pct to 799.5 yuan (USD 112.2) per ton, though still posting a 1.27pct weekly gain.
Coking coal rose 0.88pct to 1,144.5 yuan (USD 161), while coke increased 0.43pct to 1,625.5 yuan (USD 228) per ton.
On the Shanghai Futures Exchange, rebar climbed 0.84pct to 3,127 yuan (USD 439), HRC gained 0.66pct to 3,364 yuan (USD 472), wire rod edged up 0.06pct to 3,284 yuan (USD 461), and stainless steel rose 0.43pct to 12,950 yuan (USD 1,819) per ton.
1 USD / 7.12 yuan
CHINESE STEEL FUTURES
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Date: 9/12/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,284 |
0.06 |
-0.24 |
| HRC | 3,364 |
0.66 |
0.89 |
| Rebar | 3,127 |
0.84 |
1.12 |
| Stainless Steel | 12,950 |
0.43 |
0.62 |
| Iron Ore | 799.5 |
-0.06 |
0.50 |
| Coke | 1,625.5 |
0.43 |
-0.28 |
| Coking Coal | 1,144.5 |
0.88 |
0.26 |
