Iron ore futures rise on firm near-term demand, but headwinds persist
Iron ore futures edged higher on Friday, supported by strong near-term demand and a weekly decline in port inventories.
Analysts noted that robust steel production continues to underpin consumption, though environmental curbs in Tangshan ahead of Beijing’s Sept. 3 parade could briefly dent output. The restrictions, however, are expected to be lifted quickly, limiting the impact.
Broader headwinds remain, including rising trade barriers against Chinese steel exports and weaker domestic demand due to the struggling property sector, once a key steel consumer.
On the Dalian Commodity Exchange, the most-traded January iron ore contract rose 0.77pct to 787.5 yuan (USD 110.2) per ton, posting a 2.27pct weekly gain. Coking coal and coke futures fell 0.13pct and 0.87pct to 1,151 yuan (USD 161) and 1,643 yuan (USD 230) per ton, respectively.
On the Shanghai Futures Exchange, rebar slipped 0.83pct to 3,090 yuan (USD 432), HRC futures eased 0.21pct to 3,355 yuan (USD 470) per ton, and wire rod declined 0.69pct to 3,312 yuan (USD 463). Stainless steel inched up 0.16pct to 12,815 yuan (USD 1,793) per ton.
1 USD / 7.14 yuan
body table tr td div strong { color: #FFF; }| CHINESE STEEL FUTURES | Date: 8/29/2025 | ||
| Material | Closing Price (in yuan) |
Difference from Night Session (pct) | Difference from Previous Morning Session (pct) |
| Wire Rod | 3,312 | -0.69 | -1.39 |
| HRC | 3,355 | -0.21 | -0.89 |
| Rebar | 3,090 | -0.83 | -1.26 |
| Stainless Steel | 12,815 | 0.16 | -0.27 |
| Iron Ore | 787.5 | 0.77 | -0.38 |
| Coke | 1,643 | -0.87 | -1.80 |
| Coking Coal | 1,151 | -0.13 | -2.09 |
Published by news.mesteel.com on 29 August 2025. Read it there ↗