despite molten iron output gradually recovering on easing environmental controls supporting spot market prices theres still worries on steel output curbs during the beijing winter olympics galaxy futures wrote in a note beijing chinese iron ore futures dipped at market close on thursday after gaining more than 2 boosted by falling shipments from major miners as concerns remain about shortterm demand for the steelmaking ingredient exports of iron ore from australia and brazil stood at 2235 million tonnes for the week ended jan 9 down 561 million tonnes compared with the week earlier according to data from mysteel consultancy advt however despite molten iron output gradually recovering on easing environmental controls supporting spot market prices theres still worries on steel output curbs during the beijing winter olympics galaxy futures wrote in a note spot prices of iron ore with 62 iron content for delivery to china rose 3 to 132 per tonne on wednesday according to steelhome consultancy benchmark iron ore futures on the dalian commodity exchange for may delivery rose as much as 24 to 749 yuan 11774 per tonne and retreated to end 07 lower at 726 yuan a tonne other steelmaking ingredients also stepped back from gains during the morning session with coking coal dipping 09 to 2305 yuan per tonne and coke futures closing down 19 at 3106 yuan a tonne the most active steel rebar contract on the shanghai futures exchange closed up 07 at 4633 yuan per tonne hot rolled coils futures used in cars and home appliances inched up 02 to 4739 yuan a tonne chinas auto sales last year grew for the first time since 2017 and are expected to perform better in 2022 according to an industry association shanghai stainless steel futures for february delivery fell 19 to 17650 yuan a tonne also readchina stainless steel futures jump on supply woes robust nickel pricesthe mostactively traded stainless steel contract on the shanghai futures exchange for february delivery jumped as much as 53 to 17920 yuan 281239 per tonne they closed up 44 at 17760 yuan a tonnesee more detailschina iron ore futures drop on worries over local omicron caseslooking further forward the market looks well supported by sentiment around a postbeijing winter olympics partial stimulusfuelled steel demand recovery atilla addedsee more details reuters published on jan 13 2022 at 0522 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app iron ore china iron ore iron output steel making china auto sales raw material