WEEKLY: China mine's iron ore production, stocks both drop

Production among Chinese iron ore mining companies declined further during April 18-24 as more mines were suspended for maintenance works. Meanwhile, their in-plant stocks of iron ore concentrates also decreased ahead of the upcoming Labor Day holiday, Mysteel's survey showed.

Over the latest survey period, the total output of iron ore concs among the 186 mining enterprises under Mysteel's regular tracking fell by 2.5% on week to average 476,600 tonnes/day, with the decline faster than the prior survey period's 1.3% drop. During the same period, the average capacity utilization