Iron ore futures finished higher Friday in daytime trading on the Dalian Commodity Exchange (DCE).
The most active iron ore contract for January 2027 delivery rose 0.70 percent to close at 715.50 yuan (about 106.67 U.S. dollars) per tonne.
Iron ore futures were launched on the Dalian Commodity Exchange in October 2013 and have since become the world's most actively traded iron ore derivatives contract.
As the world's largest importer of iron ore, China opened the contract to international investors in May 2018, further enhancing its role as a key price benchmark for the global seaborne iron ore market.
China's iron ore futures finish higher Friday
Shanghai Futures Exchange steel contracts closed lower on Friday.
The most-active rebar futures for January 2027 finished the day session at 3,096.00 yuan (about 461.57 U.S. dollars) per tonne, down 1.02 percent from the previous settlement.
The hot-rolled coil futures for January 2027 settled at 3,290.00 yuan (about 490.49 U.S. dollars) per tonne, down 1.11 percent.
Rebar is mainly used in construction for buildings, bridges and infrastructure. Hot-rolled coil is a flat steel product widely used across the manufacturing sector, including in automobiles, home appliances, machinery and pipes.
Both contracts are among the most actively traded steel futures in the world and serve as key price references for the Chinese and global steel markets.
Chinese steel futures close lower Friday
