Inventories of imported iron ore at major Chinese ports
ended this week at 92.74 million tonnes, up by 520,000 tonnes from the end of
last week, figures from industry consultancy showed on Friday.
Stockpiles of ore from all three major exporting nations, Australia,
Brazil and India, inched up over the week, with shipments still arriving despite
a collapse in prices.
In mid-October, Chinese steel output fell below 1.9 million tonnes
a day for the first time since February, according to the latest data from the
China Iron and Steel Association, with mills scheduling overhauls following a
sharp dip in demand.
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