WEEKLY: China mills' imported iron ore stocks rebound

Chinese steelmakers curbing their production have consumed less imported iron ore recently, which, coupled with their steady procurement of the steelmaking material, caused their in-plant ore stocks to climb, Mysteel's latest survey showed.

Daily usage of imported iron ore sintering fines at the 64 Chinese steelmakers that Mysteel regularly checks fell for the second straight week to an average of 587,000 tonnes/day over December 5-11, down by another 1% from the prior week, according to Mysteel's monitoring. The reduction in imported fines consumption among