MMI Daily Iron Ore Index Report March 06 2026 in Chinese iron ore and steelmaking prices 06/03/2026 Today DCE iron ore futures trended firmer , though prices retreated slightly in the final hour of trading. The most-traded I2605 contract ultimately closed at 772 RMB/tonne, an increase of 1.38% from the previous trading session. Spot market prices followed suit, rising by 10-15 RMB from the prior day. However, traders showed limited enthusiasm in offering cargoes, and enquiries from steel mills decreased, leading to a lacklustre atmosphere for spot transactions. The core logic underpinning iron ore prices is gradually shifting from macroeconomic demand drivers towards structural issues on the supply side. Growing market concerns over a structural shortage of specific mainstream medium- and high-grade ores are reinforcing bullish sentiment and providing solid underlying support for prices. Looking ahead, the short-term market will be characterized by an interplay between supply and demand dynamics. On one hand, the intensity of blast furnace maintenance is expected to increase next week according to production schedules, which will place a temporary restraint on immediate iron ore consumption. Against this backdrop of weaker demand, the aforementioned structural supply tightness may be temporarily masked, with its actual market impact yet to be fully realised. However, once this concentrated maintenance period concludes and blast furnaces resume production on a large scale as planned, demand for iron ore will receive a significant boost. The structural supply shortage is then expected to emerge as the market’s primary trading logic, and it is anticipated that prices will exhibit a generally firm trend. Download PDF Source: Metals Market Index (MMI) 2026-03-06 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