According to customs statistics, China imported 5.03 million tons of steel in October 2025, down 45,000 tons or 8.2% month-on-month. The average price stood at $1,593.0 per ton, falling by $31.1 per ton or 1.9% compared to the previous month.

Cumulative steel imports from January to October reached 5.041 million tons, down 680,000 tons or 11.9% year-on-year.

In October 2025, China imported 111.309 million tons of iron ore, a decrease of 5.017 million tons or 4.3% month-on-month. The average price was $100.6 per ton, up $3.6 per ton or 3.7% month-on-month.

Cumulative iron ore imports from January to October reached 1,028.886 million tons, an increase of 6.95 million tons or 0.7% year-on-year.

In October 2025, China exported 9.782 million tons of steel products, down 683,000 tons or 6.5% month-on-month. The average price was $684.4 per ton, up $5.3 per ton or 0.8% month-on-month.

Cumulative steel exports from January to October reached 97.737 million tons, up 6.024 million tons or 6.6% year-on-year.

As an integrated internet platform providing benchmark prices, on November 13, the benchmark price of iron ore (Australia) from SunSirs was 794.67 RMB /ton, a decrease of 2.79% compared with the beginning of the month ( 817.44 RMB /ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.