WEEKLY: China mills' import iron ore stocks, usage both decline

Chinese steelmakers have seen their stocks of imported iron ore fines fall recently, which is in tandem with their reduced ore buying due to the three-day holiday break, while mills' consumption of the raw material has also slipped, Mysteel's latest survey showed.

By April 8, inventories of imported iron ore sintering fines among the 64 Chinese blast-furnace (BF) steelmakers tracked by Mysteel declined by 461,000 tonnes or 3.4% on week to 13.09 million tonnes, ending a three-week increase. Trading activity in China's portside iron ore market was muted during the country's Qingming