MONTHLY: Chinese BF mills earn better profits on steel sales in July

China's blast-furnace (BF) steel mills achieved better profits on finished steel sales in July, mainly due to the fast recovery in domestic steel prices, despite the mills' production costs increasing, according to Mysteel's latest monthly survey among 91 BF mills nationwide.

Last month, the average profit on rebar sales among the sampled mills registered Yuan 196/tonne ($27.3/t), higher by Yuan 129/t on month, while their profits on sales of hot-rolled coil (HRC) grew even more sharply on-month to reach Yuan 279/t, higher by Yuan 143/t. The findings showed that the sampled