China’s steelmakers stocking up iron ore for production
Nov 26, 2020 15:30
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Inventories of imported iron ore stocks at China’s 64 steelmakers grew 603,900 tonnes or 3.5% on week to about 17.6 million tonnes as of November 25, according to Mysteel’s survey, as some Chinese steel mills are preparing for higher steel output now that short-term restriction on their sintering plants have been removed, market sources shared.
During the survey period over November 19-25, these steelmakers’ daily consumption of imported sintering fines recovered by 146,000 tonnes/day or 2.5% on week to 599,200 t/d in total, according to the data.
“Sintering operations at some of the steel mills in North China’s Hebei and East China’s Shandong had been curbed