WEEKLY: Chinese BF mills' output remains stable, margins shrink again

Production among Chinese blast furnace (BF) steelmakers remained flat for the second straight week during January 23-29, with most mills keeping operations stable, according to Mysteel's survey.

During the latest survey period, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking stood at 85.5%, nudging lower by a minimal 0.04 percentage point from the previous week, while their combined hot metal production held steady on week at 2.28 million tonnes/day. Over the