WEEKLY: Chinese BF mills' production rises further

Production among China's blast-furnace (BF) steelmakers increased at a slightly faster rate during June 12-18 as some mills ramped up furnace capacity utilization further, Mysteel's survey showed.

During the latest survey period, the average capacity utilization rate among the 247 BF steel producers under Mysteel's tracking rose for the second straight week, up by 0.5 percentage point to record the highest level since last September at 90.8%, while their combined hot metal output also grew 0.6%