MMi Daily Iron Ore Report (October 16)

Published: Oct 16, 2026 18:00 (GMT+8)

Save

Iron ore futures were steady today. The DCE most-traded I2701 contract settled at 672.5 yuan/mt, up 0.07% from the previous session. Qingdao port spot prices rose 2 yuan/mt on average. Traders were reasonably active in offering and mills restocked mainly to cover immediate needs. Trading was thin.

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

1 hour ago

[SMM Iron Ore Weekly Brief] Iron Ore’s Decline Slows as Hot Metal Steadies and Port Stocks Build

1 hour ago

2 hours ago

Port stocks build 2.85 million mt as dispatch slips, keeping iron ore soft [SMM Daily Iron Ore Brief]

2 hours ago

5 hours ago

[ Dillinger France Invests to Modernize Dunkirk Rolling Mill ]

Heavy plate manufacturer Dillinger France officially launched a major modernization project at its Dunkirk rolling mill on October 15, 2026, selecting SMS group to upgrade its cold levelling machine and automated control systems. The facility, which produces more than 600,000 tonnes of heavy plate annually, is overhauling its infrastructure to expand the production of new-generation high-strength steel grades. The critical equipment upgrade is scheduled for completion in December 2027. [SMM Iron Ore]

5 hours ago