WEEKLY: Chinese mines' iron ore output, stocks both retreat

After nudging higher in the previous two consecutive weeks, production of iron ore concentrates among Chinese mining companies retreated during November 21-27 due to increased maintenance stoppages at mines, Mysteel's latest survey results showed.

During the latest survey period, the combined output of iron ore concs among the 186 domestic mining and concentrating enterprises under Mysteel's tracking slipped from the previous week, albeit by a slight 200 tonnes/day, to reach an average of 474,800 t/d. During the same period, the capacity utilization rate among