📌 Steel Market Update

Advisory Bazaar Info Services

🔹 Dalian Iron Ore

Fell for the second consecutive session due to weak demand, down -0.94% at 786.5 CNY/ton ($112.55/ton).

🔹 Singapore Exchange

Benchmark iron ore rose +0.07% to $105.75/ton, with an annual increase of 10.12%.

🔹 Demand Trend

* Everbright Securities: Domestic steel demand is falling sharply and may remain weak in the near term.

* China Iron & Steel Association: Cold weather and reduced downstream activity are lowering demand.

🔹 Stock Levels

Chinese blast furnace steel producers’ imported iron ore stock: 554,700 tons (+4.6%).

🔹 PMI Update

December PMI: 50.1, showing improvement after 8 months of decline and exceeding analysts’ expectations.

🔹 Other Steel Material Prices

* Coking coal: +0.23%

* Coke: -1.46%

🔹 Shanghai Futures Exchange

* Rebar, hot-rolled coil, wire rod: ↓

* Stainless steel: +0.23%