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BI-WEEKLY: China mills’ iron ore stocks climb by 2.7%

Stocks of imported iron ore sintering fines at the 64 Chinese steelmakers under Mysteel’s bi-weekly survey reversed the previous fortnight’s decline over August 1-14 to climb to 15.9 million tonnes. However, the daily consumption of fines at these mills rebounded to 571,000 tonnes/day at the same time, both hitting one-month highs, Mysteel’s latest survey showed.
As of August 14, imported fines inventories at these surveyed mills swelled by 413,600tonnes or 2.7%on fortnight, while daily fines consumption rose by a healthy 40,600 t/d or 7.7% during the period.At the present rate of consumption, the existing tonnageshould be enough to keep the mills operating for around 27

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