Iron ore futures fell on Monday as demand concerns deepened ahead of China’s October holidays.
Iron ore consumption has slowed as mills completed restocking before the October 1-8 break, reflected in rising inventories at major Chinese ports.
Weak downstream steel demand and eroding margins are also pressuring mills, with analysts suggesting output cuts may be needed to curb excess supply and stabilize falling steel prices.
Market participants expect clearer trends after the holidays, depending on whether policy support and a rebound in demand materialize.
Longer-term headwinds persist, including rising protectionist measures against Chinese steel exports and ongoing weakness in the property sector.
On the Dalian Commodity Exchange, the most-traded January iron ore contract fell 1.57pct to 784 yuan (USD 110.1) per ton. Coking coal futures dropped nearly 5pct to 1,154 yuan (USD 162), while coke slid 4.16pct to 1,647 yuan (USD 231) per ton.
On the Shanghai Futures Exchange, rebar futures declined 1.34pct to 3,097 yuan (USD 435), HRC fell 1.23pct to 3,289 yuan (USD 462), wire rod eased 1.21pct to 3,180 yuan (USD 447), and stainless steel slipped 0.7pct to 12,760 yuan (USD 1,792) per ton.
1 USD / 7.12 yuan
CHINESE STEEL FUTURES
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Date: 9/29/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,180 |
-1.21 |
-0.63 |
| HRC | 3,289 |
-1.23 |
-0.73 |
| Rebar | 3,097 |
-1.34 |
-0.55 |
| Stainless Steel | 12,760 |
-0.70 |
-0.63 |
| Iron Ore | 784 |
-1.57 |
-0.77 |
| Coke | 1,647 |
-4.16 |
-2.76 |
| Coking Coal | 1,154 |
-4.98 |
-3.68 |
