WEEKLY: China mines' iron ore output falls, concs prices soften

Production of iron ore concentrates among Chinese mining companies dipped further during February 6-12 due to increased maintenance stoppages at mines ahead of the Chinese New Year (CNY) holiday, Mysteel's latest survey showed.

During the latest survey period, the combined output of iron ore concs among the 186 mining and concentrating enterprises under Mysteel's tracking decreased for the third straight week, down by another 3,300 tonnes/day or 0.7% to reach 453,400 t/d, while their capacity utilization rate also slipped 0.4 percentage point