Price Trends - Import iron ore prices have increased compared to the previous week, with 62% grade iron ore priced at 95.70 USD/ton, up 1.38% from June 27, and 65% grade at 104.98 USD/ton, up 1.72% [1][2] - Domestic iron ore prices have seen a slight decrease, with 66% grade iron concentrate priced at 869 RMB/ton, unchanged from June 27 [1] Supply and Demand - Iron ore arrivals at Chinese ports totaled 24.135 million tons from June 23 to June 29, a decrease of 3.594 million tons week-on-week [2] - The total iron ore inventory at 45 ports in China was 138.784 million tons as of July 4, a decrease of 518,300 tons [3] - The average daily steel mill operating rate was 83.46%, a decrease of 0.36 percentage points week-on-week [3] Shipping and Freight Costs - The Baltic Dry Index (BDI) was reported at 1436 points, down 85 points week-on-week [2] - Freight costs from Australia to Qingdao were 7.39 USD/ton, an increase of 0.23 USD/ton, while freight from Brazil decreased to 18.58 USD/ton, down 0.12 USD/ton [3] Steel Production - In late June, key steel enterprises produced 21.29 million tons of steel, with an average daily production of 2.129 million tons, a decrease of 0.9% week-on-week [4] - The estimated daily production of steel nationwide was 2.75 million tons, a decrease of 0.9% [4]