BI-WEEKLY: China mines’ iron ore concs stocks a new low

Iron ore concentrates stocks among the 186 Chinese mining companies fell to a new low since Mysteel started the larger-scale survey in January 2019, hitting 1.7 million tonnes as of January 17, as steel mills’ consumption had remained largely robust while the daily output of iron ore concentrates from the Chinese miners had limited room for ramp-up in winter months, Mysteel Global noted.