WEEKLY: China mills' imported iron ore stocks fall to 3-mth low

Inventories of imported iron ore sintering fines held by Chinese blast-furnace (BF) steelmakers continued declining over the past week, as mills consumed more of the raw material for its better cost performance compared with lumps, Mysteel's latest survey showed.

Total stocks of imported iron ore sintering fines at the 64 Chinese BF steel producers under Mysteel's tracking dropped for the fourth straight week during November 27-December 3 to 12.1 million tonnes, the lowest level since September. The on-week decline was 199,400 tonnes or 1.6%, larger than the 0.7%