China's industrial production grew by 6.8% year-on-year in June 2025, surpassing market expectations of 5.6% and the previous month's 5.8%. The year-to-date industrial production growth was 6.4%, slightly above the estimated 6.2% and the prior 6.3%. Despite the overall industrial growth, China's crude iron ore production declined by 8.4% year-on-year to 88.97 million metric tons in June. This reduction in iron ore output, combined with increased steel demand, has contributed to a rise in iron ore prices. Meanwhile, production of several other commodities showed mixed trends: diesel output increased by 0.8% to 16.335 million tons, copper rose by 14.2% to 1.302 million tons, kerosene was up 11.3% at 5.094 million tons, lead increased 3.1% to 660,000 tons, zinc rose 5.4% to 628,000 tons, and fuel oil production grew 2.1% to 3.628 million tons. Conversely, gasoline output fell by 6.9% to 12.515 million tons. The combination of reduced domestic iron ore production and rising steel demand has also influenced India's iron ore import demand, which is expected to increase due to falling prices and higher steel output from companies like JSW Steel.