WEEKLY: China mills' imported iron ore usage, stocks both increase

Consumption of imported iron ore among Chinese steelmakers increased markedly in the past week, driven by the improved producing activity among the mills in North China with the removal of government-mandated output restrictions, Mysteel's latest survey showed.

During July 30-August 5, the daily usage of imported sintering fines among the 64 Chinese blast-furnace (BF) steel mills under Mysteel's tracking averaged 598,200 tonnes/day, higher by 7.2% from the previous period. The increase was contributed mainly by the mills in Tangshan, the top steelmaking hub in North China's Hebei