MYSTEEL: More Chinese BF mills earn profits on steel sales

The number of profitable blast-furnace (BF) steel mills in China has recovered recently, thanks to lower production costs and relatively firm finished steel prices, Mysteel Global learned.

On January 15, about 40% of the 247 sampled BF mills reported making a profit on finished steel sales, rising by 2.2 percentage points from one week earlier, according to Mysteel's latest weekly survey. Prices of major steelmaking raw materials such as iron ore and coke declined this week, reducing