Iron ore futures rebounded on Tuesday, supported by firm near-term demand, though concerns about the outlook persist.
Daily crude steel production at China Iron and Steel Association (CISA) member mills averaged 2.08 mln tons during September 1-10, up 7.2pct from late August and 7.8pct YoY. CISA attributed the rebound to the lifting of environmental curbs on Tangshan-based mills.
The iron ore market also gained support from surging coking coal prices, as authorities intensified safety inspections following accidents and pursued efforts to cut excess capacity. Additional demand is expected from restocking ahead of October holidays and seasonal improvements in steel consumption.
Still, uncertainty lingers as steel mills face weakening margins, while property sector troubles and rising trade barriers against Chinese steel exports weigh on long-term sentiment.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 0.82pct to 803.5 yuan (USD 112.9) per ton. Coking coal jumped 5.84pct to 1,240.5 yuan (USD 174), while coke gained 4.24pct to 1,735 yuan (USD 244) a ton.
On the Shanghai Futures Exchange, rebar and HRC both climbed 1.25pct to 3,166 yuan (USD 445) and 3,402 yuan (USD 478) per ton, respectively. Wire rod inched up 0.09pct to 3,292 yuan (USD 463), while stainless steel dipped 0.27pct to 12,970 yuan (USD 1,823) per ton.
1 USD / 7.11 yuan
CHINESE STEEL FUTURES
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Date: 9/16/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,292 |
0.09 |
0.12 |
| HRC | 3,402 |
1.25 |
0.94 |
| Rebar | 3,166 |
1.25 |
0.95 |
| Stainless Steel | 12,970 |
-0.27 |
-0.77 |
| Iron Ore | 803.5 |
0.82 |
0.93 |
| Coke | 1,735 |
4.24 |
2.68 |
| Coking Coal | 1,240.5 |
5.84 |
4.27 |
