WEEKLY: China mines' iron ore concs output, stocks slide further

Production of iron ore concentrates by Chinese mining companies continued to decline during the past week, with the reduction being observed mainly in the northern regions of the country, Mysteel's latest survey showed.

During August 22-28, the combined output of iron ore concs among the 186 mining and concentrating enterprises under Mysteel's regular tracking dropped by 4,000 tonnes/day or 0.9% from the previous survey week to 468,500 t/d, while their capacity utilization rate also decreased by 0.5 percentage point on week to