MMI Daily Iron Ore Index Report January 07 2026 in Chinese iron ore and steelmaking prices 07/01/2026 Dalian iron ore futures surged significantly during the afternoon session, with the most-active I2605 contract settling at 801 RMB/mt, a 0.69% increase over the previous trading day. In the spot market, traders showed a reasonable willingness to sell, while steel mills maintained a “hand-to-mouth” procurement strategy with average inquiry levels, resulting in a moderate overall trading atmosphere; specifically, PB fines traded at 805–808 RMB/mt in the Shandong region (up 0–3 RMB/mt) and 820–826 RMB/mt in the Hebei region (up 1–3 RMB/mt). According to SMM data, the volume of production impacted by blast furnace maintenance this week is 1.8371 million tonnes, a week-on-week decrease of 58,300 tonnes, suggesting a slight recovery in hot metal output which, combined with growing pre-holiday restocking expectations, continues to support a firm, range-bound trend for iron ore prices. Given the current positive market sentiment and improving fundamentals, iron ore prices are expected to sustain this strength in the short term. Download PDF Source: Metals Market Index (MMI) 2026-01-07 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