Tangshan’s steel mills start restocking iron ore for CNY

Inventory build activity for imported iron ore among steel mills in Tangshan in North China’s Hebei province to tide them firstly through New Year's Day and then for the upcoming Chinese New Year (CNY) holiday contributed to the total of imported sintering fines stocks among mills nationwide increasing again on week as of December 31, market sources said on Thursday.

As of the last working day of 2019, stocks of imported iron ore sintering fines at the 64 Chinese steel mills under Mysteel’s survey rose by another 277,100 tonnes or 1.5% on week to 18.7 million tonnes, hitting at eleven-month high, Mysteel’s survey showed. This slight but steady increase was