BI-WEEKLY: China mills' iron ore use up, stocks rebound

ABSTRACT
Over November 4-17, the daily consumption of imported iron ore sintering fines at the 64 Chinese steel mills under Mysteel's survey recovered after ten consecutive weeks of declines to reach 445,900 tonnes/day, up 26,300 t/d or 6.3% on fortnight. Market sources cited the easing of restrictions on sintering operations among steelmakers in some regions to explain the climb.

Among surveyed steelmakers in the six areas and regions, the most significant increase in daily use was among mills in Tangshan in North China's Hebei. As of November 17, daily sinter fines use among the surveyed Tangshan mills had reversed up by 18,100 t/d to 90,400 t/d after a