NBS: China's ROM iron ore output drops 5% MoM in August

China produced 81.6 million tonnes of run-of-mine (ROM) iron ore in August, rising by 8.8% on year but falling by 4.7% from July, according to new data released by the country's National Bureau of Statistics (NBS).

The on-month decline was mainly attributed to frequent maintenance stoppages among mines during the past month. Apart from routine overhauls, mines in many parts of the country were impacted by torrential rains last month that forced mining firms to suspend operations and conduct maintenance instead, market sources said. Specifically,