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

Production of iron ore concentrates among Chinese mining companies continued to decline in the past week as more mines halted operations to conduct maintenance, Mysteel's latest survey showed. Mine-side inventories also fell over the same period, after rising for two consecutive weeks.

Total daily production of iron ore concentrates among the 186 mining and concentrating enterprises under Mysteel's tracking nationwide averaged 439,700 tonnes/day over October 16-22, down by 3,900 t/d or 0.9% on week. Meanwhile, the average capacity utilization rate of these 186 companies slipped by 0.5 percentage point from the prior