WEEKLY: China's BF mills' production near 2-year low

Production among Chinese blast furnace (BF) steelmakers continued to drop in the past week due to government-mandated production curbs on some mills in North China, Mysteel's survey showed.

During March 6-12, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking decreased for the second straight week by another 2.4 percentage points to reach 82.9%, the lowest since March 2024, and their hot metal production also fell 2.8% on week to sit at