[Domestic iron ore market brief: Iron ore concentrate prices in Tangshan may rise slightly] Today, iron ore concentrate prices in Tangshan remained relatively stable, with the current delivery-to-factory price (dry basis, tax included) for 66% grade iron ore concentrates at 880-885 yuan/mt; The overall operating rate in the local area remains at a low level, and the overall supply of iron ore concentrates is relatively tight, providing some support for iron ore concentrate prices.

Today, DCE iron ore futures continued to rally, breaking through the 770 level and reaching a high of 772. After a brief pullback in the afternoon, prices rebounded again. The most-traded contract I2509 eventually closed at 767, with a daily increase of 0.13%. Traders sold goods according to market conditions.

[SMM Rebar Daily Review: Futures Market Pullback Drags Down Market Sentiment, Construction Steel Prices Continue Weak Balance Fluctuation] Today, the futures market fluctuated downward, closing at 3,114, down 0.54% from the previous trading day. In the spot market, quotes showed mixed performance, with overall price fluctuations ranging from 10 to 20 yuan/mt. In terms of transactions, influenced by the futures market pullback, market trading enthusiasm weakened, and overall transaction performance was mediocre.

[SMM Steel Mill Guidance Price] Guidance prices for various stainless steel series from large domestic steel mills on July 15

[SMM Daily Stainless Steel Review: Stainless Steel Spot Quotations Rise Slightly, but Weak Downstream Demand Leads to Sluggish Transactions] SMM reported on July 15 that the SS futures market was influenced by the decline in SHFE nickel prices, showing a fluctuating trend in the doldrums during the day. In the spot market, driven by the increase in steel mills' futures prices, market trade quotations strengthened somewhat. Despite the continued weakness in downstream demand and the adverse impact of the futures market's pullback on transactions, resulting in less-than-ideal transactions, low-priced supplies had largely disappeared. Currently, under the combined effects of stainless steel mills' production cuts and the futures market's oversold rebound, the previous market downturn had eased somewhat. However, downstream demand had not fundamentally changed and remained in the off-season. Amid the tug-of-war between bullish and bearish forces in the market, it was difficult for prices to rebound significantly. In the futures market, the most-traded contract 2509 was in a fluctuating trend in the doldrums. At 10:30 a.m., SS2509 was quoted at 12,700 yuan/mt, unchanged from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 170 to 370 yuan/mt. In the spot market, cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 7,600 yuan/mt; cold-rolled trimmed 304/2B coils had an average price of 12,800 yuan/mt in Wuxi and 12,775 yuan/mt in Foshan; cold-rolled 316L/2B coils were priced at 23,700 yuan/mt in Wuxi and the same in Foshan; hot-rolled 316L/NO.1 coils were quoted at 23,200 yuan/mt in both regions; and cold-rolled 430/2B coils were priced at 7,100 yuan/mt in both Wuxi and Foshan. Despite the stop falling and rebound in the SS futures market and the strengthening of prices, stainless...

[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in West Liaoning May Rise Slightly] The local transaction prices of domestic ore in the west Liaoning market have risen slightly. The ex-factory prices (excluding tax) for 66% grade iron ore concentrates on a wet basis are 670-680 yuan/mt. Driven by the positive external environment in the early stage, the sentiment of ore processors to demand higher prices has become prominent, and they are reluctant to sell at low prices. Traders are highly cautious and lack confidence in the future market, making it difficult for them to purchase at high prices. However, some are considering their own needs.

According to the SMM survey, the impact of maintenance on construction steel production slightly decreased this week (7.12-7.18). Some steel mills resumed production of construction steel rolling lines that were under maintenance last week, resulting in an impact of 1.2678 million mt from maintenance on construction steel production this week, a slight decrease of 2,000 mt WoW.

On July 14, data from the General Administration of Customs showed that China exported 9.678 million mt of steel in June 2025, a decrease of 900,000 mt MoM, down 8.5% MoM. From January to June, cumulative steel exports reached 58.147 million mt, up 9.2% YoY. In June, China imported 470,000 mt of steel, a decrease of 11,000 mt MoM, down 2.3% MoM. From January to June, cumulative steel imports reached 3.023 million mt, down 16.4% YoY.

Today, DCE iron ore futures continued to rally, with the most-traded contract I2509 reaching a high of 769.5 yuan/mt and closing at 766.5 yuan/mt, up 0.26% for the day. Traders sold goods according to market conditions.