Iron ore prices rose on Friday, despite the fact that production at steel mills remained sluggish due to government restrictions in China.
Blast furnace utilization rates at 247 steel mills nationwide declined for the seventh straight week to 74.8% as of Friday, up from 75.2% a week earlier, according to consultancy Mysteel.
According to Fastmarkets MB, a 62% iron benchmark ore imported into North China changed hands at $ 102.36 a tonne, up 0.7% from Thursday's close.
Dalian Commodity Exchange benchmark iron ore futures for May delivery fell 3.6% to 603 yuan ($ 94.61) as of 03:30 GMT after falling 5.5% in morning trading. However, the contract was up 4.8% over the week.
“The impact of changes in supply on steel product prices is waning,” says SinoSteel Futures in a winter production control note.
However, as the real estate market remains weak, steel prices are not expected to rise significantly, SinoSteel Futures said in a statement.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- Today
17:00 Mexico to impose higher import duties on Brazilian steel products - 12 December 2025
18:00 Mexico approves new tariff hike against China 18:00 CAAM: Sales of new energy vehicles in China increased by 31.2 percent in January-November 2025 17:00 OCBC supports Singapore's Green Esteel's $1.5 billion HBI project to boost low-carbon steel supplies 17:00 China introduces new rules for steel exports 16:00 Thyssenkrupp returns to net profit in fiscal year 2024-2025 16:00 Jingjiang Yongjin Chinese company modernizes reverse cold rolling mill in Jiangsu 15:00 Ukrainian Interpipe took up the development of new equipment and products
Publications
13.12 Golden Goose: Beauty is in the dark 10.12 Advantages of a beer business franchise: stability, brand support, proven business models 09.12 Windows Installation Services 09.12 Industrial Partners Services 08.12 Official air conditioning service Climat Center
