WEEKLY SUMMARY: China's iron ore prices range-bound, spot coke flat

Prices of imported iron ore in China stayed range-bound during October 26-30, with port stocks and seaborne cargoes posting diverging trends. Meanwhile, spot coke prices in the domestic market moved sideways amid an ongoing standoff between steel mills and coke producers.

The combined daily hot metal production by the 247 blast furnace (BF) steelmakers under Mysteel's tracking had dropped for the third straight week by another 0.2% on week to 2.32 million tonnes/day over October 22-28, suggesting subdued appetite for feed materials restocking. Nevertheless, the continuous decline in the total steel