China iron ore and rebar prices fall on Monday as seasonal lull cuts steel demand

Iron ore and steel prices on China's exchanges fell on Monday, 20 July 2026. Iron ore futures slipped 0.33% to 759.5 yuan per tonne and, despite the daily drop, are up about 2.7% over the past month and remain near a one month high. Steel rebar futures fell 1.03% to 3,070 yuan per tonne, retreating from a one month high. Rain in southern China and intense heat in the north have slowed construction and steel consumption, and blast furnace utilization has dropped below 90%. These prices matter for Iran's steel exporters and the steel tickers on the Tehran bourse.