WEEKLY: China's BF mills production rises for 4 weeks

Production among Chinese blast furnace (BF) steelmakers increased for the fourth straight week during April 3-9, driven by mills' positive outlook on the continued recovery of downstream steel demand, Mysteel's survey showed.

Over the latest survey period, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking went up by 0.8 percentage point from the prior week to refresh a five-month high at 89.7%, while their combined daily hot metal production also increased 0.8 percentage point on