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China Iron Ore Port Stocks Slip To 124 Mln T

Stocks of imported iron ore at China’s 45 major ports under Mysteel’s weekly survey dipped by another 747,300 tonnes or 0.6% on week to 123.9 million tonnes as of February 20, mainly as the continuing recovery in daily discharge at some of these ports over February 14-20.

Over the survey period, the total average daily discharge volume at the 45 ports grew by another 74,700 tonnes/day or 2.7% on week to 2.83 million t/d in total, as some Chinese steel mills managed to move some tonnage to their plants when their in-house stocks had been dwindling.
Source: My Steel

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