Inventories of seaborne iron ore at Chinese ports fell slower this week, as steel mills were cautious about raw material procurement amid market turmoil.
SMM data showed that iron ore stocks across 35 Chinese ports fell 910,000 mt in the week ended April 3 to 106.86 million mt, smaller than a 1.57 million mt decline in the previous week. The stocks were 30.44 million mt lower than a year ago.
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