Steel price today December 8, 2025: Sideways on Shanghai floor

Steel prices today December 8, 2025: Remain stable at large enterprises. In the world market, steel bar prices are flat, iron ore prices fluctuate in opposite directions.

International steel prices fluctuate little, iron ore differentiates between floors

At the opening of the trading session on December 8, the price of steel rebar for December delivery on the Shanghai Stock Exchange remained unchanged at 3,066 yuan/ton. Iron ore prices fluctuated in different directions:

On the Dalian Exchange, iron ore prices fell 0.9% (7 yuan) to 775 yuan/ton.

On the Singapore-SGX Exchange, iron ore futures for December delivery increased by 0.88 USD to 108 USD/ton.

India has increased iron ore imports to a six-year high, exceeding 10 million tonnes in the first 10 months of the year.

This import volume is more than double that of the first 10 months of 2024. The average import volume in the 2019–2024 period was only about 4.3 million tonnes per year, said Mr. Lalit Ladkat, Senior Analyst at CRU Group.

Demand this year has outpaced domestic production, largely due to a serious supply shortage of high-grade ore, partly due to delays at mines that have been put up for auction.

Indian steel mills have increased purchases of ore from abroad to offset a shortage of high-quality ore at home and take advantage of lower global prices. JSW Steel, the country’s largest steelmaker, was the biggest buyer of imported ore in 10 months.

The increase in imports is not only due to low prices but also due to favorable supply conditions for steel mills near the ports. India mainly imports iron ore from Brazil, Oman and Australia.

Heavy rains this year in the eastern state of Odisha, which accounts for nearly 55% of India’s iron ore output, have led to a drop in output. Consultancy BigMint forecasts that iron ore imports could exceed 11-12 million tonnes in the 2025-26 fiscal year (ending in March). High imports could continue if domestic production or ore supplies do not improve.

However, India's iron ore output in the 2024/25 fiscal year has risen to 289 million tonnes, compared with 277 million tonnes the previous year, according to government data.

India plans to impose a 30% export duty on low-grade iron ore from October 2025. The policy aims to ensure raw material supply for steelmakers, reduce domestic prices and promote exports of value-added steel products.

In fiscal year 2024/2025, India exported about 30 million tonnes of iron ore, mostly fine or low-grade ore, grades that are not subject to export duties.

Domestic construction steel prices continue to be stable.

Domestically, businesses have stabilized construction steel prices, keeping the listed prices unchanged.

Hoa Phat quoted CB240 and CB300 steel prices at VND13,500/kg and VND13,090/kg, respectively.

Viet Duc offers CB240 at 13,350 VND/kg and CB300 at 12,850 VND/kg.

Other businesses also kept prices stable, such as Pomina steel with CB240 - CB300 recorded at 14,440 - 14,290 VND/kg and VJS steel at 13,230 - 12,830 VND/kg.

Source: https://baodanang.vn/gia-thep-hom-nay-8-12-2025-di-ngang-tren-san-thuong-hai-3314145.html