WEEKLY: China BF mills' capacity use rises for 3rd week

Production enthusiasm among Chinese blast furnace (BF) steelmakers continued to pick up this week as domestic steel prices moved higher overall, allowing more mills to shrug off heavy losses, Mysteel's latest survey showed.

During September 13-19, the BF capacity utilization rate among the 247 steel producers under Mysteel's regular tracking increased for the third straight week by another 0.17 percentage point on week to reach 84.06%, with their daily average hot metal production growing 0.2% on week to 2.24 million tonnes/day. During the