Major steel and raw material futures prices in China – January 16, 2025 

Product 

Closing price 

Closing price
(USD)

Daily change (%) 

Rebar at Shanghai Futures Exchange 

RMB 3,227/mt 

$463/mt

          +1.22

HRC at Shanghai Futures Exchange 

RMB 3,447/mt 

$479/mt

+1.09

Iron ore at Dalian Commodity Exchange 

RMB 797/mt

$111/mt

+1.92