Overview

• Dalian January iron ore futures rose 1.02% to 795 yuan a tonne and finished the week up about 1.6%.
• The Singapore October benchmark advanced 0.75% to $105.7 a tonne, also logging a weekly gain near 1.6%.
• Mysteel’s chief analyst expects Chinese steel prices to recover in October on improved market fundamentals and anticipated policy support.
• Hexun Futures warned that National Day transport curbs are limiting raw-material inventories at mills and could force production cuts.
• Russia is weighing a metals-industry bankruptcy moratorium as demand weakens and the ruble stays strong, with one major steelmaker estimating demand fell up to 15% in a sector that produced about 71 million tonnes in 2024.