WEEKLY: Chinese BF mills' output rises to 3-month high

Production among Chinese blast furnace (BF) steelmakers rose further during February 13-26, as most mills maintained normal operations during the extended Chinese New Year holiday and some mills ramped up their output, according to Mysteel's regular survey.

During the latest survey period, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking increased by 1 percentage point from the pre-holiday level to reach 87.5%, the highest since last November, while their combined hot metal also expanded by 1.2% to reach 2.33 million