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Chinese BF mills' profitability squeezed further by weak steel prices

Source: Mysteel Nov 29, 2024 11:30
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Ferrous Industry
The number of profitable blast-furnace steel mills in China decreased continuously this week, as domestic steel prices remained weak with thinning demand from end-users, Mysteel Global learned.
Mysteel's latest weekly survey among the 247 BF mills nationwide showed that as of November 28, the ratio of steelmakers earning positive margins on finished steel sales came in at 51.95%, down for the sixth consecutive week by another 2.6 percentage points on week, and lower by 22.51 percentage

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