WEEKLY: China's domestic iron ore concs prices soften further

Chinese prices for domestically-produced iron ore concentrates continued to slide in the country's major production regions last week, mainly due to the weakened demand for concs among steelmakers, the results of Mysteel's latest survey showed.

During the sample week, blast furnace (BF) steelmakers had blown off more furnaces for maintenance to avoid losing money, market sources observed. Most mills slowed their purchases of feed materials, content to only take the volume sufficient to meet their immediate production needs, Mysteel Global noted. The ongoing production restrictions