Iron ore futures edged lower on Wednesday as concerns over demand weighed on market sentiment. The potential for environmentally driven steel production curbs ahead of Beijing’s upcoming military event has raised fears of output cuts in key hubs like Tianjin, adding pressure to iron ore prices.
However, healthy profit margins have encouraged steel mills to maintain higher production levels, offering some support and limiting further losses in iron ore.
In contrast, coking coal futures extended their rally, fueled by intensified inspections in Shanxi, China’s major coal-producing region, where authorities are reportedly conducting safety checks and cracking down on excessive output, fueling fears of supply disruptions and driving prices higher.
On the Dalian Commodity Exchange, the most-traded September iron ore contract slipped 0.06pct to 794.5 yuan (USD 110.6) per ton. Coking coal surged 6.45pct to 1,221 yuan (USD 170), while coke climbed 1.95pct to 1,644.5 yuan (USD 229).
Over on the Shanghai Futures Exchange, rebar futures rose 0.75pct to 3,234 yuan (USD 450) per ton, HRC gained 0.41pct to 3,451 yuan (USD 480), wire rod increased 0.38pct to 3,462 yuan (USD 482), while stainless steel edged down 0.12pct to 12,935 yuan (USD 1,801).
1 USD / 7.18 yuan
CHINESE STEEL FUTURES
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Date: 8/05/2025 |
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| Material | Closing Price (in yuan) |
Difference from Night Session (pct) |
Difference from Previous Morning Session (pct) |
| Wire Rod | 3,462 |
0.38 |
-0.26 |
| HRC | 3,451 |
0.41 |
-0.17 |
| Rebar | 3,234 |
0.75 |
0.03 |
| Stainless Steel | 12,935 |
-0.12 |
-0.19 |
| Iron Ore | 794.5 |
-0.06 |
-0.50 |
| Coke | 1,644.5 |
1.95 |
0.61 |
| Coking Coal | 1,221 |
6.45 |
3.19 |
