After the previous week's drop, the total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia and Brazil rebounded to 27.2 million tonnes during July 27-August 2, significantly higher by 3.2 million tonnes or 13.5% from the previous week, with

Imported iron ore prices in China continued to decline in both spot and futures markets during July 27-31, as bearish sentiment prevailed while underlying fundamentals softened. Meanwhile, spot and futures prices of metallurgical coke in the domestic market also recorded drops over the same period,

Australian mining giant Fortescue shipped 201.3 million wet tonnes of iron ore (on a 100% basis) during its 2026 financial year (July 2025-June 2026), with the small 1% on-year increase nonetheless making for an annual record high, according to its latest quarterly report released on July 31.

Inventories of imported iron ore stockpiled at China's 47 major ports tracked by Mysteel increased for the second straight week to approximately 174 million tonnes by July 30, up 2.87 million tonnes or 1.7% on week. Meanwhile, the stocks were also 22.3% higher than the year-prior level.

Chinese steelmakers have further reduced their consumption of imported iron ore recently, as deepening profit losses and mandatory output cuts continue to constrain their production activity, according to Mysteel's latest survey.