China’s steelmaking raw material prices fell on Friday (January 14), with coke prices down about 4% and iron ore prices down about 3%, as the market watched the government’s policy on the economy. with the control of steel production.

Coke futures on the Dalian Commodity Exchange for May delivery fell 4.4 percent to 2,258 yuan ($355.06) a tonne.
Coke prices on the Dalian bourse fell 3.3% to 3,082 yuan a tonne, after falling 3.8% earlier in the session.
Iron ore futures fell 2.3% to 722 yuan a tonne, while spot iron ore with 62% iron content rose $0.50 to $132.5 on Thursday, according to consulting firm SteelHome.
China’s December iron ore imports fell 18 percent month-on-month to 86.07 million tonnes, including 1.12 billion tonnes in 2021, down from a record high a year earlier, data showed. custom.
Steel prices on the Shanghai Futures Exchange all fell.
Construction rebar fell 0.02% to 4,664 yuan/t and hot rolled coil fell 0.3% to 4,772 yuan/mt.

Shanghai stainless steel futures for February delivery fell 0.8 percent to 17,895 yuan per tonne.

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