Iron ore futures gained on Monday, supported by robust Chinese steel export figures, even as concerns over soft domestic steel demand persisted.
Iron ore futures opened lower in the morning session amid renewed China-US trade tensions but rebounded after customs data showed stronger-than-expected steel exports. Analysts warned, however, that protectionist measures could weigh on export momentum going forward.
Additional support came from restocking demand by steel mills and a weekly decline in iron ore shipments to China, which eased supply pressure. Still, sluggish steel demand at home remains a concern, with traders reporting high inventories amid steady output, keeping pressure on finished steel prices.
Reflecting the cautious sentiment, Baosteel kept its November domestic HRC prices unchanged.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 1.13pct to 804.5 yuan (USD 112.7) per ton. Coking coal futures fell 1.63pct to 1,146 yuan (USD 161), while coke slipped 1.14pct to 1,642.5 yuan (USD 230) per ton.
On the Shanghai Futures Exchange, rebar futures declined 0.77pct to 3,083 yuan (USD 432), HRC dropped 0.88pct to 3,261 yuan (USD 457), wire rod fell 1.64pct to 3,360 yuan (USD 471), and stainless steel eased 1.59pct to 12,655 yuan (USD 1,774) per ton.
1 USD / 7.13 yuan
CHINESE STEEL FUTURES
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Date: 10/13/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,360 |
-1.64 |
-1.79 |
| HRC | 3,261 |
-0.88 |
-0.74 |
| Rebar | 3,083 |
-0.77 |
-0.65 |
| Stainless Steel | 12,655 |
-1.59 |
-1.19 |
| Iron Ore | 804.5 |
1.13 |
1.18 |
| Coke | 1,642.5 |
-1.14 |
-1.46 |
| Coking Coal | 1,146 |
-1.63 |
-1.31 |
