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A total of 127.12 million tons of imported sintered ore are in stock across 64 steel plants.
March 12 Mysteel’s statistics under the new methodology show that 114 steel mills’ total imported sinter powder inventory was 27.4238 million tons, down 8.858 million tons from the previous period. Total daily consumption of imported sinter powder was 10.166 million tons, down 0.169 million tons from the previous period. The inventory-to-consumption ratio was 26.98, down 0.41 from the previous period. Under the original methodology, the total imported sinter powder inventory of 64 steel mills was 12.712 million tons, down 4.282 million tons from the previous period. Total daily consumption of imported sinter powder was 5.339 million tons, down 0.204 million tons from the previous period. In sinter ore, the average share of imported ore used was 88.29%, up 0.22 percentage points from the previous period. The average ex-tax iron hot metal cost for steel mills was 2350 yuan/ton, up 5 yuan/ton from the previous period. Moreover, after excluding long-term idled samples, the ex-tax iron hot metal cost for the 114 steel mills was 2299 yuan/ton, up 5 yuan/ton from the previous period.