MMI Daily Iron Ore Index Report February 27 2026 in Chinese iron ore and steelmaking prices 27/02/2026 Today, iron ore futures on the Dalian Commodity Exchange opened lower but then rose, with the most-traded I2605 contract closing at 750.5 yuan/mt, up 0.27% from the previous trading session. Spot prices increased by 2–3 yuan/mt compared to the previous trading day. Traders showed moderate enthusiasm in offering prices, while steel mills mainly purchased to restock, resulting in an overall moderate spot trading atmosphere. This week, SMM statistics showed that iron ore inventories across 35 main ports nationwide reached 155.39 million mt, up 2.46 million mt from before the Chinese New Year. Meanwhile, the daily average port pick-up volume was 2.405 million mt, down 180,000 mt from pre-holiday levels. This indicates that supply-side pressure has not eased and is expected to continue weighing on iron ore prices. Demand side, although steel mills gradually resumed production atier the holiday, some regional mills have received voluntary emission reduction notices due to the upcoming macro window period of the Two Sessions. The strengthening expectations of environmental protection-driven production restrictions are expected to substantially curb marginal increases in hot metal output. In summary, with unresolved inventory pressure and policy-driven production restrictions, the iron ore market lacks effective upward momentum in the short term. Prices are expected to continue fluctuating rangebound or remain in the doldrums. Download PDF Source: Metals Market Index (MMI) 2026-02-27 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