NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

BI-WEEKLY: China mills' iron ore stocks hit 5-month high

ABSTRACT

Over December 30-January 12, stocks of imported iron ore sintering fines at the 64 Chinese steelmakers under Mysteel's survey mounted to a five-month high of 15.8 million tonnes, up for the fourth week by another 1.1 million tonnes or 7.3% on fortnight. Market sources attributed the increase in ore stocks to steelmakers' active buying.
"Most steel mills were quite active in procuring iron ore recently, as they wanted to restock sufficient quantities for their smooth production over the Chinese New Year holiday (from January 31 to February 6)," said a Shanghai-based analyst, adding that these mills had consumed their in-plant stocks during the New Year holiday over January 1-3.   Meanwhile,

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