Some Chinese steel mills have cautiously increased imported iron ore fines stocks over November 14-20 amid the rises in steel margins, and the inventories of imported sintering fines at 64 small and medium-sized steelmakers across China under Mysteel’s regular survey, thus, recovered 404,200 tonnes or 2.7% on week to 15.5 million tonnes as of November 20. “Over the past week, spot iron ore trading warmed up in general, as the domestic steel market sentiment has improved with the domestic steel price rises, and many Chinese steel mills, with little surprise, feel more confident in stocking up some iron ore inventories at the plants,” a Shanghai-based steel
Source : https://www.mysteel.net/article