empty
 
 

2026.07.2206:36:52UTC+00Iron Ore Falls to 2-Week Low

Iron ore futures fell below CNY 740 per ton on Wednesday, hitting a two-week low as rising global supply met a weakening demand outlook in top consumer China. Brazilian miner Vale posted its strongest second-quarter production since 2018, with iron ore output increasing 0.8% year-on-year and beating market expectations. In China, elevated inventories and abundant physical supply added further downward pressure on prices.

On the demand side, prolonged rainfall in southern China and extreme heat in northern regions continued to disrupt construction activity, curbing steel consumption. Industry data showed blast furnace capacity utilization at surveyed steel mills slipping below 90% last week, while the share of profitable mills fell to around 37%.

  • 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 $4000 more!
    In July we raffle $4000 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