Iron ore reserves in Chinese ports are reduced further

The inventory of the amount of iron ore in 36 Chinese ports showed that its remains on February 1, 2013 are less than 78 million 850 thousand tons, which is 1 million 900 thousand tons less than a week earlier. Of the total reserves, about 2 million 400 thousand tons of iron ore raw materials were an origin from India, decreasing by a week by 300 thousand tons.

If we take as a basis the current level of production of steel and iron ore consumption in China, then its stocks will be enough for 26 days of normal production, which is very much. It is reported by the Chinese Steelhome.