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BI-WEEKLY: China's iron ore output rises, stocks dip

ABSTRACT

The 186 Chinese mining companies Mysteel surveys fortnightly continued to see their daily iron ore concentrates output increase over May 6-19, new data show, while their stocks of concentrates fell at the same time. The results reflected the production resumption at some miners and stronger buying for ore among steelmakers in North and East China where previous COVID-19 lockdowns were relaxed gradually, market sources said.
Over the latest survey period, daily output of iron ore concentrates at the 186 surveyed mining enterprises rose to 509,600 tonnes/day on average, up for the sixth week by another 15,000 t/d or 3% on fortnight, Mysteel's data showed. The miners' concentrating capacity utilization rate moved up too by 1.9

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