📌 Steel Market Update

Advisory Bazaar Info Services

🔹 Iron Ore Futures (I2601)

• Today’s most active contract closed up 0.77% at 787.5 yuan/MT.

• Traders showed moderate selling interest.

• Steel mills adopted a stronger “wait-and-see” approach.

• Trading sentiment index recorded a decline.

🔹 Steel Products (SHFE Benchmark)

• Rebar: -0.83%

• HRC: -0.21%

• Wire Rod: -0.69%

• Stainless Steel: +0.16%

🔹 Iron Ore Futures (Weekly Trend)

• Friday trading remained within a limited range.

• Weekly gains are likely.

• Despite production restrictions ahead of the September 3rd parade in Tangshan, demand stayed stable.

🔹 Inventory

• Port stocks fell 0.4% WoW, lending support to prices.

🔹 Policy Outlook

• China plans to cut steel production by 2025–26 to control excess capacity.

🔹 Other Raw Materials

• Coking Coal: -0.13%

• Coke: -0.87%

📍 Conclusion

Steel prices will continue to depend on raw material availability, logistics, policy measures, and global developments. Businesses in the sector should closely monitor these factors.