WEEKLY: China's domestic iron ore prices mixed

Chinese prices for domestically-produced iron ore concentrates diverged during April 26-May 6, as steelmakers adopted different strategies regarding replenishing the feedstock for production during the country's Labour Day holiday, Mysteel's latest survey showed.

In East China, steelmakers were active in replenishing domestic concs before the holidays began on May 1, motivated by tight supplies of feeds in the region, a Shanghai-based market analyst observed. "The shortage of concs (in East China) was caused by maintenance stoppages at some local mining companies before