WEEKLY: China miners' iron ore output, stocks both fall

After a marginal rebound in the previous week, production of iron ore concentrates among Chinese mining companies dropped again in the past week due to increased maintenance works at mines, Mysteel's latest survey showed.

Total daily production of iron ore concentrates among the 186 mining and concentrating enterprises under Mysteel's tracking nationwide averaged 437,500 tonnes/day over July 24-30, down by 14,000 t/d or 3.1% on week. Meanwhile, the average capacity utilization rate of these 186 companies slipped by 1.8 percentage points from the prior