BI-WEEKLY: China mills’ iron ore stocks, use both rise

As of December 2, inventories of imported fines at the surveyed mills had climbed to 17.2 million tonnes, Mysteel’s data shows. “The continuous increase in steel mills’stocks occurred mainly because many steelmakers kept procuring additional quantities of ore for maintaining their near-term production when they can still enjoy decent profit margins,”a Shanghai-based market watcher said. In