Interfax China reported that iron ore stockpiles at China's ports fell this week as inbound shipments declined prior to the upcoming National Holiday (September 30th 2012 to October 7th 2012), while some steelmakers were restocking in anticipation of higher prices following the break.

According to Shanghai based Mysteel Information, reserves at 30 major ports decreased 1.57% to 94.68 million tonnes, including 7.38 million tonnes of Indian iron ore, up by 1.93%.

Source - Interfax China

(www.steelguru.com)