MYSTEEL: More than 90% Chinese BF mills lose money on steel sales

The profitability of Chinese blast-furnace steel mills continues to worsen, mainly due to further rises in their hot metal production costs with the high prices of major steelmaking raw materials, Mysteel Global learned.

Mysteel data showed that among the 247 BF mills regularly tracked, only about 7.8% reported they could earn profits on finished steel sales over September 4-10, sliding by 22.5 percentage points from the prior week and recording the lowest since late September 2024. The hot metal production costs of Chinese