Daily iron ore concentrates output among the 186 Chinese mining companies remained largely unchanged on week over August 16-29 at 519,400 t/d after a robust July, as China’s domestic steel market went into contraction starting August, according to Mysteel’s latest survey on the market.
Their daily output was merely 100 tonnes/day or 0.02% higher than a fortnight ago, and their concentrating capacity utilization rate, accordingly, stayed almost the same in a fortnight at 66.52% as of August 29. Mysteel’s bi-weekly survey among a smaller sample of 126 Chinese iron ore mining companies painted a similar