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WEEKLY SUMMARY: China iron ore prices dip, coke stable


Over October 18-22, China's prices of iron ore in both spot and futures markets declined after having strengthened on week in the previous several weeks, together with weakening demand and softening domestic steel prices, while the country's spot coke price, in contrast, remained largely stable, resisting the downward pressure from futures markets in general, Mysteel Global noted.
Over October 15-21, Blast furnace capacity utilization among the 247 Chinese steel mills under Mysteel's tracking reversed from a two-week incline, edging down by 0.61 percentage point on week to 80.05% on average, and as of October 22, China's national price of HRB400E 20mm dia rebar slumped to a one-month


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