WEEKLY: China BF mills' output rebounds, profits stay low

After falling for six straight weeks, production among Chinese blast furnace (BF) steel producers rebounded during November 7-13, as some BFs in northern cities were allowed to be brought back online after most of the production restrictions were lifted on November 9, Mysteel's latest survey showed.

During the latest survey period, the average capacity utilization rate of the 247 steelmakers nationwide under Mysteel's regular tracking rose about 1 percentage point on week to 88.8%, with their average daily hot metal output also growing by 1.1% from the prior week to 2.37 million tonnes/day. The production curbs