WEEKLY: China BF mills' output falls for 5 weeks

Production among Chinese blast furnace (BF) steel producers continued falling during the past week, as some BF mills in North China were subject to mandated production curbs, and mills also became more cautious about producing due to negative steel margins, Mysteel's latest survey showed.

During October 24-30, the average capacity utilization rate among the 247 BF steelmakers under Mysteel's regular tracking decreased for the fifth straight week by another 1.3 percentage points to reach 88.6%, with their daily hot metal output falling by 1.5% on week to 2.36 million tonnes/day. During the same period,