Today, iron ore prices are fluctuating weakly, with the main contract closing at 775.5, down 1.65% for the day. Traders have low enthusiasm for shipping goods, and steel mills are lowering their purchase prices. The overall market trading atmosphere today is rather cold. The transaction prices are up 0-3 yuan/ton compared to yesterday; Recently, the price of steel coils has dropped significantly, causing serious losses to steel mills. Some steel mills plan to overhaul blast furnaces in August, which may lead to a further decline in hot metal production. However, considering that it is near the end of the month, the market still has expectations for the Political Bureau meeting, and it is expected that iron ore prices may rebound shortly after reaching a low...