Chinese ferrous futures posted mixed moves today, with major contracts closing as follows, according to market data providers: Shanghai Futures Exchange rebar settled around RMB 3,117/mt, while hot-rolled coil (HRC) finished near RMB 3,256/mt. On the raw-materials side, coking coal and iron ore were stable to slightly higher intraday, tracking the broader risk tone and recent revisions to demand expectations. The session’s changes were modest, consistent with typical early-September trade as mills balance seasonal restocking against cautious finished-steel order books. No new government directives on production cuts were reported today, and export policy updates remained unchanged. Transaction volumes were described as within recent averages, with spreads between rebar and HRC little changed from yesterday. Market participants pointed to construction-sector buying patterns and auto/appliance demand as key near-term drivers, while watching currency moves and seaborne iron ore indications for direction. The futures snapshot offers a timely reference for spot negotiations into the weekend and provides context for mills’ procurement planning. While sentiment improved slightly in raw materials, finished steel margins remain tight, capping aggressive restocking. Analysts said additional clarity on September downstream orders will be needed for sustained price momentum.