empty
 
 

2026.08.2404:29:53UTC+00Iron Ore Weakens Despite China Stimulus

Iron ore futures traded near CNY 710 per ton, extending their decline as worries about weak Chinese steel demand and high inventories outweighed optimism over potential policy support and a seasonal demand recovery. China’s steel output fell 3.6% year-on-year to 76.93 million tons in July, marking the lowest July production since 2017, while stockpiles remained elevated.

Demand continued to be pressured by a sluggish property sector, with home prices down 3.2% year-on-year and only about one-third of steelmakers operating profitably. Although blast furnace utilization climbed to 82.8% and authorities signaled further stimulus, near-term demand concerns persisted.

Even so, expectations of stronger consumption ahead of the traditional September peak season, along with new policy signals, helped underpin prices. Vice Finance Minister Liao Min indicated that China will introduce measures to bolster domestic demand and support growth, while the NDRC called on local governments to accelerate the rollout of major projects.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback