Iron Ore Mines in Henan Ramped Up Production in April  

In April, the capacity utilisation rates at mines in Henan rose noticeably month-on-month, as operating rates at state-owned and private mining enterprises climbed.

A large state-owned mine maintained a monthly concentrate output of about 110,000 mt and had no inventories thanks to stable demand; a private mining company’s concentrate output increased to 52,000 mt in April, mainly due to a slight recovery in ROM supply. However, the mining company said that in the near future, the monthly concentrate output may remain at around 50,000 mt, hampered by the slow stripping progress of the new mine body project. Therefore, it may still suffer short supply in the short term.

In May, the local state-owned mining enterprises will basically maintain normal production, while tight ROM supply will continue to limit the production increase of private mining enterprises. It is expected that the capacity utilisation rates in Henan in May will be stable.

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