WEEKLY: Chinese mills continue to build imported iron ore stocks

Chinese blast-furnace (BF) steelmakers continued to accumulate their imported iron ore inventories in the past week, supported by persistently strong production and steady demand for steelmaking raw materials, Mysteel's latest survey showed.

By May 27, total stocks of imported iron ore sintering fines at the 64 Chinese BF steel producers under Mysteel's tracking rose by 472,300 tonnes or 3.6% on week to 13.62 million tonnes, marking a three-month high. The stock build came as mills maintained robust production levels. Mysteel's separate survey