WEEKLY: China mines' iron ore stocks jump to near 9-month high

Most Chinese iron ore mining companies remained active in production last week in response to growing demand among domestic steelmakers lifting their hot metal production, Mysteel's latest survey results showed. But the miners' robust output also contributed to their stocks of the raw material accumulating further, Mysteel Global noted.

During March 7-13, the average capacity utilization rate among the 186 domestic mining companies under Mysteel's regular tracking inched up by 0.2 percentage point on week to reach 62.1%, with their daily combined output of iron ore concentrates also rising by 0.3% on week to average 486,600 tonnes/day. However,