The price of iron ore has dropped with the slowdown in economic activity in China more than expected in August, in addition to the low prices of homes in the country, which caused a state of ambiguity against future demand expectations. Official data has shown that industrial production and consumption in China has been a worst achievement since the beginning of this year, after a big slowdown in July last year. Chinese factories and the production of mines increased by 5.2% year -on -year last month, and it is the worst growth since August 2024. At the same time, pressure is still going on in the Chinese real estate sector, which is one of the most prominent areas for the steel industry, as the prices of the existing homes dropped in an accelerated rate in August. The country’s crude steel production in the country also fell 0.7% last month to 77.37 million tonnes, which recorded the third monthly decline in production. Futures for Iron have entered into the future Iron -RU contracts for $ 105 a tonne, while investors are studying the future demand for steel manufacturing and government expectations. The recent data has indicated that Beijing is still having trouble eliminating the weakness of the wider Chinese economy, increasing the chances of policy makers providing more incentives to ensure that growth stays on the way to achieve the official goal. Read more: The price of iron descends with the accumulation of shares and the slowdown in factories in China. The country’s crude production fell 0.7% last August to 77.37 million tonnes, to record the fourth monthly decline in production since the beginning of 2025. Iron ore fell by up to 1.1% before trading 0.6% at $ 105.35 per tonne at 2:32 p.m. On the Shanghai Stock Exchange, the arming storage contracts and the hot wrap fell slightly.
Iron prices fall amid the fall in the Chinese economy and house prices
