Top News on China Iron Ore markets

Inventories of imported iron ore piled at China's 47 major ports under Mysteel's tracking accumulated further by 2.4 million tonnes or 1.4% on week to 175.3 million tonnes as of November 5, the highest level since late June, Mysteel's latest survey showed.

Nippon Steel Corporation has successfully completed a pilot-scale trial producing direct reduced iron (DRI) using only hydrogen as the reducing agent and lower-grade iron ore as feedstock, the Japanese steelmaker announced on November 4. This is a major step toward commercializing zero-carbon ironma

Stockpiles of imported iron ore sintering fines held by Chinese integrated steelmakers rose further in the past week, while their immediate demand for iron ore expanded as well, Mysteel's latest survey showed.

China's imported iron ore prices are expected to track downward further in November, pressured by the steadily widening gap between ore supply and demand, Mysteel predicts in its latest monthly report on the commodity.

After slumping in the previous week, total iron ore shipments to global destinations from the 20 ports and 17 mining companies in Australia and Brazil under Mysteel's tracking stayed largely stable during October 26-November 1, only inching up by 87,000 tonnes or 0.3% on week to 27 million tonnes, a

Chinese prices for imported iron ore continued to track apart in the portside and seaborne markets last week, with fluctuations confined to a narrow band, Mysteel's latest survey showed.

Brazilian mining giant Vale produced 88.4 million tonnes of iron ore over the July-September quarter, lower by 6.4% compared with the same period last year, though the volume increased 4.9% from the previous quarter, according to the company's latest quarterly report released on October 29 local tim

Prices of imported iron ore in China stayed range-bound during October 26-30, with port stocks and seaborne cargoes posting diverging trends. Meanwhile, spot coke prices in the domestic market moved sideways amid an ongoing standoff between steel mills and coke producers.

After dipping in the prior week, inventories of imported iron ore piled at China's 47 major ports under Mysteel's tracking edged up again to 172.89 million tonnes as of October 29, marginally higher by 0.1% compared with a week earlier, Mysteel's latest survey showed.

Medium to heavy atmospheric pollution over Handan city in North China's Hebei province, a major center for iron ore mining sintering and steelmaking, has prompted the local government to launch winter steel production controls this week, requiring local steel mills to take turns idling blast furnace