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WEEKLY: China's steel mills ramp up ore stockpiling ahead of holiday

Source: Mysteel Feb 05, 2026 11:20
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Imported Iron Ore Inventory
With less than two weeks left before the 9-day Chinese New Year (CNY) holiday begins on February 15, domestic steel mills have accumulated a large amount of imported iron ore stocks with their active pre-holiday buying, Mysteel's new data show.
By February 4, inventories of imported iron ore sintering fines at the 64 Chinese blast-furnace steel producers under Mysteel's tracking increased for the fourth straight week to reach 17.8 million tonnes, higher by 10% on week and by a more significant 40% on year.   Chinese steelmakers would keep themselves well

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