WEEKLY: Chinese BF steelmakers cut output as losses mount

After a modest rebound in the previous week, production among Chinese blast-furnace (BF) steelmakers declined again during September 18-24, as more mills fell into losses and scaled back output.

During the latest survey period, the average capacity utilization rate among the 247 BF steelmakers under Mysteel's tracking fell by 0.74 percentage point on week to 88.49%, while their average operational rate also declined by 0.31 percentage point to 82.01%. Accordingly, the combined daily hot metal output among these 247