Improved market sentiment is expected to result in the first monthly consecutive increase in iron ore prices this year.

The Wisdom Financial APP learned that due to Tangshan Steel Plant will progressively shut down blast furnaces for maintenance by the end of the month, and the Ministry of Industry and Information Technology of China and four other departments have issued the "Steel Industry Stability and Growth Work Plan 2025-2026", which specifically mentions the implementation of accurate control of production capacity and output; iron ore prices are expected to rise for the second consecutive month. The Singapore iron ore futures price stabilized at around $104 per ton, with an increase of nearly 5% in August. The main contract for iron ore on the Dalian Commodity Exchange, priced in RMB, is expected to rise for the third consecutive month.