WEEKLY: China mills' imported iron ore stocks drop to 6-mth low

Inventories of imported iron ore sintering fines held by Chinese blast-furnace (BF) steelmakers slid for the fifth straight week over December 4-10, with mills' replenishment demand waning for the feed material, Mysteel's latest survey showed.

As of December 10, the total stocks of imported iron ore sintering fines at the 64 Chinese BF steel producers under Mysteel's tracking fell 0.8% from a week earlier to reach a six-month low of 12 million tonnes. The further decline was mainly due to domestic steelmakers' slowdown in purchases