Over September 6-10, China’s imported iron ore prices both for spot trading of seaborne and port inventories continued to slump on retreating demand from steel mills on lower steel output. In contrast, the country’s domestic coke price climbed up further mainly due to the constraints in supplies of both coke and coking coal, Mysteel Global noted.
Over September 3-9, blast furnace capacity utilization rate among China’s 247 steel mills nationwide under Mysteel’s survey weakened again after one week of climb, down 0.68 percentage point on week to 84.77%.