WEEKLY: China BF mills' output continues falling, margins improve

Production among Chinese blast furnace (BF) steel producers declined for the third straight week during November 28-December 4 amid increasing maintenance stoppages across the steelmakers, Mysteel's survey showed.

During the latest survey period, the average capacity utilization rate among the 247 BF steelmakers nationwide under Mysteel's tracking dropped further by 0.9 percentage point on week to sit at 87.1%, with their combined output of hot metal decreasing 1% on week to average 2.32 million tonnes/day. During the same