Iron ore fines (Fe 62%) spot prices rose by $1.8/dmt d-o-d to $101.9/dmt CFR China on 29 Jul’25. Rising steel prices, driven by potential production cuts from Aug’25 to early Sep’25, boosted market sentiment. The Politburo meeting is being closely monitored for policy cues and expectations of production curbs in northern regions, which are pushing up finished steel prices and benefiting the ferrous market.
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