WEEKLY: China mills' imported iron ore stocks rebound after 6-w decline

Inventories of imported iron ore sintering fines held by Chinese blast-furnace (BF) steelmakers rebounded during December 18-24, after falling continuously over the previous six weeks to touch a six-month low. This is mainly because mills in some northern cities of China recovered their demand for sintering fines following the removal of production curbs, Mysteel Global noted.

Total stocks of imported iron ore sintering fines at the 64 Chinese BF steel producers under Mysteel's tracking rose by 257,700 tonnes or 2.2% on week to 12.1 million tonnes by December 24, the latest survey results showed. Meanwhile, usage of the raw material of the 64 BF mills combined