MYSTEEL: Higher production costs erode Chinese BF mills' profitability

The profitability of Chinese blast-furnace steel mills has recently deteriorated further, a development blamed on increased production costs amid the firming prices of major steelmaking raw materials, Mysteel Global learned.

Mysteel data showed that among the 247 BF mills regular tracked, only about 30.3% reported they could earn profits on finished steel sales on September 3, down 2.17% percentage points on week and marking the lowest since October 2024, latest survey findings show. The prices of major steelmaking raw materials