MONTHLY: China BF mills suffer steeper losses on steel sales in Feb

China's blast-furnace (BF) steel mills suffered steeper losses on finished steel sales in February, mainly due to the slight rise in their production costs and the weakness of finished steel prices, according to Mysteel's latest monthly survey.

Last month, the average loss on rebar sales among the sampled steelmakers was Yuan 30/tonne ($4.4/t), compared to the loss of Yuan 15/t in January. Meanwhile, their average loss on sales of hot-rolled coil (HRC) also widened by Yuan 19/t month-on-month to reach Yuan 28/t. During last month as well, domestic BF