Due to limited production capacity, iron ore prices are expected to achieve their first consecutive monthly increase this year.

According to the Wisdom Finance app, Tangshan Steel Plant will gradually shut down blast furnaces for maintenance at the end of the month, as well as the China Ministry of Industry and Information Technology and four other departments issuing the "Steel Industry Stable Growth Work Plan for 2025-2026", which specifically mentions implementing precise control of production capacity and output; iron ore prices are expected to rise for the second consecutive month. The price of Singapore iron ore futures is stable at around $104 per ton, with an increase of nearly 5% in August. Meanwhile, the main contract for iron ore on the Dalian Commodity Exchange, priced in RMB, is expected to rise for the third consecutive month.