MMI Daily Iron Ore Index Report May 12 2026 in Chinese iron ore and steelmaking prices 12/05/2026 Today, the DCE Iron ore futures were in the doldrums today, with the most-traded contract I2609 closing at 812.5 yuan/mt, down 0.98% from the previous trading session. Port spot prices fell 5-10 yuan from the previous trading day. Traders were relatively active in offering quotes; steel mills restocked on an as-needed basis; overall spot transactions were limited. Affected by fluctuations in the coking coal market, ferrous metals futures prices declined across the board today. Fundamentals side, according to SMM survey results, the impact from maintenance on hot metal output due to blast furnace maintenance this week was 1.4075 million mt, up 25,000 mt WoW. The impact from maintenance on hot metal output due to blast furnace maintenance next week is expected to be 1.4045 million mt, down 3,000 mt WoW. Iron ore demand weakened slightly this week, but no clear trend has formed yet overall. Even though steel mills generally showed low willingness to purchase high-priced ore, robust end-use demand supported steel mill blast furnace operating rates and rigid demand for iron ore. Therefore, iron ore prices remained stable on the downside in the short term, and prices are expected to fluctuate at highs. Download PDF Source: Metals Market Index (MMI) 2026-05-12 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