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BI-WEEKLY: China mines' iron ore output falls, stocks grow

ABSTRACT

Over July 1-14, domestic production of iron ore concentrates among the 186 Chinese mining enterprises canvassed in Mysteel's bi-weekly survey declined to a two-month low of 502,200 tonnes/day on average, down for six consecutive weeks by 400 t/d on fortnight. Survey respondents explained that some miners had responded to the sharp reduction in their margins by winding back production.
In parallel, the sampled miners' concentrating capacity utilization rate dipped too by another 0.05 percentage point over the two weeks to an average of 64.31% - also a two-month low, the survey showed.   Over the past two weeks, more mining companies in Northeast China's Liaoning and North China's Shanxi provinces had

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