MMi Daily Iron Ore Report (June 23)

Published: Jun 23, 2026 17:56

Save

Today, DCE iron ore futures opened weak in the morning session and saw a modest recovery in the afternoon, with the most-traded I2609 contract closing at 738.5 yuan/mt, down 0.54% from the previous trading session. Port spot prices held steady from the previous day.

Steel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

[SMM HRC Arrivals] This Period’s Arrivals Edge Up, with Clear North-South Divergence

Common.Time.hoursAgo

[Export HRC Transaction Feedback]

Market feedback indicates that the current FOB price for SAE1006 HRC is $510/mt, with the shipment port being Bayuquan, the destination country being Southeast Asia, and the trading volume being approximately 200 mt.

Common.Time.hoursAgo

6.23 SMM Global Steel Daily Report

[Slab] Today, HRC export prices fell by USD 1/tonne day-on-day, with HRC transaction prices at USD 492–501/tonne. Other flat steel prices were also lowered by USD 1–2/tonne. Although domestic export offers continued to decline, traders said overseas demand has not shown any clear recovery. [Rebar] Today, rebar export FOB prices edged down by USD 1/tonne. Market participants reported that enquiries remained relatively muted, with no significant improvement in transactions. Participants continued to adopt a wait-and-see stance. [Billet] Today, export billet offers remained weak but stable, currently quoted at USD 465–468/tonne. Market feedback indicated that Southeast Asia is currently in its traditional demand off-season, while buyers in the Middle East largely remained on the sidelines. Overseas customers showed limited willingness to place orders, and domestic export offers still lacked a clear competitive advantage, leaving transactions generally moderate.

Common.Time.hoursAgo