MONTHLY: China BF mills' losses on steel sales ease in Jan

The losses of China's blast-furnace (BF) steel mills on finished steel sales eased in January, mainly thanks to the further decline in their production costs and the relatively firm prices of finished steel, according to Mysteel's latest monthly survey.

Last month, the average loss on rebar sales among the sampled steelmakers registered Yuan 15/tonne ($2.2/t), much lower than last December's average loss of Yuan 80/t, while their average loss on sales of hot-rolled coil (HRC) also narrowed from Yuan 98/t to Yuan 9/t. Similarly, domestic BF steel producers reported