WEEKLY SUMMARY: China's iron ore prices strengthen, spot coke stable

Chinese prices for imported iron ore increased in both spot and futures markets during November 10-14, mainly as steel mills' demand for this raw material appeared resilient with a slight recovery in their hot metal production. During the same period, spot prices for metallurgical coke changed little, but its futures prices dropped further.

Production at Chinese blast furnace (BF) steel mills picked up over the past week, with some mills in North China's Hebei province resuming operations at their furnaces following the removal of environmental protection-driven production curbs. The capacity utilization rate among the 247 BF steelmakers nationwide under Mysteel's regular tracking