WEEKLY: China mines' iron ore output stable, stocks drop further

Output of iron ore concentrates among Chinese mining companies stood stable in the past week as most miners maintained normal production during the country's May Day holiday over May 1-5, Mysteel's latest survey showed.

The total daily production of iron ore concs among the 186 mining and concentrating enterprises under Mysteel's tracking nationwide stood largely unchanged on week at 472,700 tonnes/day over May 1-7, though the volume was slightly higher by 100 t/d from the previous survey week. Meanwhile, the average capacity utilization rate