WEEKLY: China mines' iron ore output ticks up, stocks rebound

Output of iron ore concentrates among Chinese mining companies increased slightly in the past week, with the growth being observed mainly in East China, 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 edged up 700 tonnes/day or 0.2% on week to reach an average of 473,400 t/d during May 8-14, while their average capacity utilization rate also climbed 0.1 percentage point higher