MONTHLY: Margins worsen for China's BF mills in Nov

China's blast-furnace (BF) steel mills suffered deeper losses on finished steel sales in November, mainly due to price increases of some major steelmaking raw materials which lifted their production costs, according to Mysteel's latest monthly survey.

During November, the sampled steelmakers reported an average loss of Yuan 148/tonne ($21/t) on rebar sales, widening by Yuan 42/t from the previous month, the survey findings showed, while their average loss on sales of hot-rolled coil (HRC) deepened to Yuan 127/t as against the loss of Yuan 24/t