WEEKLY: China miners' iron ore output, stocks increase further

Production of iron ore concentrates among Chinese mining companies continued to nudge higher in the past week, while the mine-side iron ore inventories expanded as well, 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 440,600 tonnes/day during August 7-13, slightly up by 1,900 t/d or 0.4% from the previous week. During the same period, the average operational rate among these 186 companies increased by 2.7