WEEKLY: Weak demand depresses China's domestic iron ore concs prices

Chinese prices for domestically-produced iron ore concentrates declined across most production areas last week, mainly affected by the sagging demand among steelmakers, the results of Mysteel's latest survey showed.

Lackluster steel consumption in downstream sectors with the arrival of the winter off-season, compounded by shrinking profit margins on steel sales, prompted some domestic mills to halt operations at their blast furnaces for maintenance over the past week. In addition, integrated steel mills in a few northern cities remained subject