MMi Daily Iron Ore Report (June 5)

Published: Jun 5, 2026 18:03
The DCE iron ore futures trended weaker, with the most-traded contract I2609 finally closing at 766 yuan/mt, down 0.91% from the previous trading session. Port spot prices fell 1-5 yuan/mt from the previous day.

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
[SMM Steel] Weak Demand Forces Price Cuts, Taiwan’s Feng Hsin Lowers Rebar and Steel Scrap Prices
38 mins ago
[SMM Steel] Weak Demand Forces Price Cuts, Taiwan’s Feng Hsin Lowers Rebar and Steel Scrap Prices
Read More
[SMM Steel] Weak Demand Forces Price Cuts, Taiwan’s Feng Hsin Lowers Rebar and Steel Scrap Prices
[SMM Steel] Weak Demand Forces Price Cuts, Taiwan’s Feng Hsin Lowers Rebar and Steel Scrap Prices
[Taiwan,China]Facing persistently weak market demand, Taiwan’s leading electric furnace steel mill, Feng Hsin Steel, officially announced on Monday (July 6) a reduction in its major finished steel and raw material purchase prices, in an attempt to stimulate market trading activity during a period of consolidation through price concessions. After the adjustment, the rebar price dropped to $606/mt, the steel scrap purchase price to $311/mt, and the structural steel price remained at $847/mt.
38 mins ago
[India's Passenger Vehicle Retail Sales Surge by 28.63 Percent in June 2026]
1 hour ago
[India's Passenger Vehicle Retail Sales Surge by 28.63 Percent in June 2026]
Read More
[India's Passenger Vehicle Retail Sales Surge by 28.63 Percent in June 2026]
[India's Passenger Vehicle Retail Sales Surge by 28.63 Percent in June 2026]
India's automobile retail market recorded strong growth in June 2026, with overall auto sales rising by 22% and passenger vehicle (PV) retail sales specifically totaling 410,843 units, marking a significant increase of 28.63%. This robust rise in automobile retail sales reflects resilient consumer demand and a highly active automotive sector in the Indian market. The continued surge in domestic vehicle manufacturing and sales will directly translate to higher downstream consumption for flat steel products (such as cold-rolled and galvanized coils), subsequently supporting regional steel capacity utilization and tightening local steel inventory levels.
1 hour ago
[Metinvest Seeks New Investor for €3.2 Billion Green Steel Mill Project in Italy]
1 hour ago
[Metinvest Seeks New Investor for €3.2 Billion Green Steel Mill Project in Italy]
Read More
[Metinvest Seeks New Investor for €3.2 Billion Green Steel Mill Project in Italy]
[Metinvest Seeks New Investor for €3.2 Billion Green Steel Mill Project in Italy]
Metinvest is seeking a new financial or industrial partner for its €3.2 billion green steel mill project in Piombino, Italy, developed by its joint venture Metinvest Adria, to reduce financial exposure and improve bankability amid the ongoing conflict in Ukraine. The electric arc furnace (EAF) facility is designed to have an annual production capacity of over 2.7 million metric tons of hot rolled coils (HRC). The project has already secured significant institutional backing, including €285 million in incentives from Invitalia and an additional €92 million from the Italian Ministry of Enterprises for port infrastructure. The potential entry of a new investor is intended to strengthen the project's risk profile, ensuring the successful execution of one of Europe's largest low-emission steel production facilities without altering the original industrial scope.
1 hour ago