MMI Daily Iron Ore Index Report March 24 2026 in Chinese iron ore and steelmaking prices 24/03/2026 Dalian iron ore futures strengthened during the morning session before paring gains in the afternoon. The most-traded I2605 contract setiled at 824 RMB per tonne, representing a 0.55% increase from the prior trading day. In the physical market, spot prices increased by approximately 2-5 RMB. Trading houses were relatively active in offering quotations; however, enquiries from steel mills were limited, and their procurement strategies remained cautious, resulting in moderate transaction volumes. On a fundamental basis, the intensity of blast furnace maintenance has continued to decline this week. The volume of hot metal production affected by maintenance stood at 1.65 million tonnes, a week-on-week reduction of 206,500 tonnes. This figure is projected to decrease by a further 180,000 tonnes next week to 1.4684 million tonnes, indicating a progressive improvement on the demand side. Concurrently, tight supply conditions persist with no significant news of adjustments, which continues to exert a bullish influence on iron ore in the short term. Nevertheless, some capital is being held back due to concerns over future market risks, leading to a prevalent wait-and-see senment. In summary, it is anticipated that iron ore prices will maintain a high-level consolida on pattern in the near term. Download PDF Source: Metals Market Index (MMI) 2026-03-24 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share