WEEKLY: China mills' imported iron ore stocks climb again

After a brief drawdown during the New Year's Day holiday over January 1-3, inventories of imported iron ore sintering fines held by Chinese blast-furnace (BF) steelmakers have climbed again as mills resumed restocking the raw material.

By January 14, total stocks of imported iron ore sintering fines at the 64 Chinese BF steel producers under Mysteel's tracking increased by a marked 779,800 tonnes or 6.3% on week to 13.1 million tonnes, touching a three-month high. After all, the total trading volume of iron ore in the