Steel rebar futures remained below CNY 3,100 per ton as weak construction demand, China’s prolonged property downturn and elevated coke prices pressured the market. Steel mill profitability fell to 7.79% in the latest week, prompting some producers to reduce operations and conduct maintenance. China’s leading steel industry association also urged mills last month to voluntarily cut output to reduce inventories and restore profitability after a difficult first half. Earlier, iron ore futures fell below CNY 710 per ton to a three-week low as global shipments increased by 1.59 million tons to 35.17 million tons in the week ended September 13. Falling port inventories and higher mill inventories had offered some support, while mills may replenish supplies before the extended National Day holidays in early October.