MYSTEEL: More Chinese BF mills lose money on steel sales

More Chinese blast-furnace steel mills lost money on finished steel sales last week, Mysteel data show. Their production costs have risen with the firming prices of some raw materials while the steady weakening of finished steel prices further eroded their profitability, Mysteel Global learned.

As of June 25, of the 247 BF mills that Mysteel regularly samples, about 51% reported that they could make a profit on finished steel sales, down by 4.8 percentage points on week and sliding by 11.3 percentage points from one month earlier, according to Mysteel's latest weekly survey. The