WEEKLY: China mills' imported iron ore stocks dip further

Inventories of imported iron ore sintering fines held by Chinese blast-furnace (BF) steelmakers declined further in the past week along with their increased consumption of the feed material, though the pace of drop in inventories slowed markedly, Mysteel's latest survey showed.

Total stocks of imported iron ore sintering fines held by the 64 Chinese blast-furnace (BF) steelmakers under Mysteel's tracking fell by 82,600 tonnes or 0.7% on week to 12.3 million tonnes as of November 26, while the weekly decline during the previous week was much larger at 367,700 tonnes