Major steel and raw material futures prices in China – January 7, 2025 

Product 

Closing price 

Closing price
(USD)

Daily change (%) 

Rebar at Shanghai Futures Exchange 

RMB 3,239/mt 

$450/mt

          -0.83

HRC at Shanghai Futures Exchange 

RMB 3,343/mt 

$465/mt

-0.83

Iron ore at Dalian Commodity Exchange 

RMB 750/mt

$104/mt

-1.38