WEEKLY: Chinese BF mills' production up further, but at slower pace

Production among Chinese blast furnace (BF) steelmakers continued to rise during the past week, but the pace slowed, according to Mysteel's latest survey.

During May 22-28, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking inched up for the third straight week by 0.1 percentage point to 90.4%, with their combined hot metal output also edging up 0.1% on week to 2.4 million tonnes/day. Over the same period,