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Iron ore firms as increased building materials demand lift steel output
Iron ore futures prices advanced on Monday, as blast furnace steel production increased amid rising demand for building materials ahead of the National Day holidays. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 1.12% higher at 814.5 yuan ($114.50) a metric ton, as of 0233 GMT. The benchmark September iron ore on the Singapore Exchange was 0.09% higher at $105.8 a ton.Production among Chinese blast furnace steel producers continued to increase overall in the week ended September 18, rising by 0.2 percentage points to 90.4%, largely due to the resumption of operations in ... (full story)
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- Sep 22, 2025 12:00am Posted byFundamental Analysis285
