WEEKLY: China's BF capacity use rises further to 89.76%

Production among Chinese blast furnace (BF) steelmakers continued rising as more steel mills brought their idled furnaces back on stream after maintenance amid the slightly recovered steel margins, Mysteel's latest survey showed.

During June 14-20, the average BF capacity utilization rates of the 247 steelmakers under Mysteel's regular tracking increased for the second straight week by another 0.23 percentage point on week and refreshed the seven-month high at 89.76%, while their daily hot metal output also grew by 6,300 tonnes/day or