UTC+8 ( BJT)

BI-WEEKLY: China mines' iron ore output, stocks both dip


The daily production of iron ore concentrates among the 186 Chinese mining companies under Mysteel's regular survey slipped to 503,100 tonnes/day on average as of June 16, down by 8,200 t/d or 1.6% on fortnight. Enthusiasm for production among mining companies in Northeast and North China was dampened by steelmakers' lower bidding prices, market sources said.
Over June 3-16, concentrate output among the sampled miners reversed down from the prior five weeks of modest increases, the survey also showed.   Some mining companies in Tangshan in North China's Hebei had resumed operations from mid-May after the disruptions caused by the COVID-19-related lockdown eased gradually, as reported. But recently,


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227